eNaira

Why the eNaira digital currency is failing

Nigeria’s President Muhammadu Buhari this week unveiled the eNaira, a Nigerian central bank issued digital currency that has been touted to woo the country’s tech savvy young population. The president boasted that the digital currency would add $29 billion to the country’s economy in 10 years. But barely three days since it went live, everything …

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eNaira: CBN Postpones Launch Of Digital Currency Indefinitely

The Central Bank of Nigeria (CBN) has postponed the official launch of its controversial digital currency, the eNaira. According to the CBN spokesperson, Mr Osita Nwanisobi, the decision to postpone the unveiling of the E-naira, scheduled for October the 1st, was made to avoid any distractions from the country’s 61st Independence Day celebration. Nevertheless, the …

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eNaira: CBN Postpones Launch Of Digital Currency Indefinitely

The Central Bank of Nigeria (CBN) has postponed the official launch of its controversial digital currency, the eNaira. According to the CBN spokesperson, Mr Osita Nwanisobi, the decision to postpone the unveiling of the E-naira, scheduled for October the 1st, was made to avoid any distractions from the country’s 61st Independence Day celebration. Nevertheless, the …

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eNaira App Download: how to download, use and create eNaira wallet

The Central Bank of Nigeria has concluded plans to launch and release the eNaira App for public use starting October 1. The eNaira is a central bank Digital currency (CBDC) issued by Nigeria’s Apex bank to counter the rise and wide spread use of crypto currency such as Bitcoin in the country. CBN says the …

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eNaira Review: what is eNaira and how will the Nigerian digital currency work?

The Nigerian government has concluded plans to issue its own digital currency. And understandably, this has left many Nigerians asking questions such as is Nigeria launching its own Bitcoin? Is the Naira going to be as valuable as the dollar? Are we now going to save our Naira on crypto exchanges?” In this explainer, we’ll …

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