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CBN postpones launch of digital currency, eNaira

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Moboluwade Tobiloba

 

 

The Central Bank of Nigeria (CBN) has postponed the launch of Nigeria’s Central Bank digital currency (CBDC) also known as eNaira.

The currency was scheduled to be launched on October 1, Nigeria’s independence day.

CBN spokesperson, Osita Nwanisobi, in statement on Thursday, explained that the launch had to be postponed due to the independence day celebration.

The statement was titled, “CBN defers eNaira launch to mark Independence Anniversary”.

He, however, assured that there was no cause for alarm, as the CBN and other partners were working to make the digital currency efficient for all customers, particularly for those in the rural areas and the unbanked population.

 

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