25 October 2021

Nigeria to launch digital currency "eNaira".

Nigeria will on Monday (25th) launch a digital currency, the eNaira, the central bank said, months after it barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies.

Central Bank of Nigeria (CBN) Governor Godwin Emefiele has said the eNaira would operate as a wallet against which customers can hold existing funds in their bank account.

Nigeria has named Barbados-based Bitt Inc as a technical partner in developing the eNaira.

Source: www.reuters.com

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