CBN Moves To Deepen Payment System Via e-Naira   The Governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, has said central banks across Africa and other parts of the world are trying to study Nigeria’s eNaira project. Emefiele said this on Monday during an...

eNaira May Emerge Payment Gateway As CBN Intensifies Adoption     The Central Bank of Nigeria (CBN) is contemplating a series of options to push the adoption of the eNaira, including the possibility of making it a payment gateway. A payment gateway is a technology merchants use to...

eNaira’ll Work With Other Countries’ Digital Currencies – CBN   The Central Bank of Nigeria has said that the implementation of the country’s digital currency will be done in four phases and also lead to the interoperability of the eNaira with those of other central banks. The...

CITN Says eNaira Will Reduce Tax Evasion   The President, Chartered Institute of Taxation of Nigeria, Mr Adesina Adedayo, has said the introduction of eNaira into the Nigerian economy is expected to reduce incidences of tax evasion. Adedayo spoke during a webinar organised by the CITN, with...

IMF To CBN: eNaira May Reduce Deposits In Commercial Banks   The International Monetary Fund has said the eNaira wallet may function as a deposit at the Central Bank of Nigeria and consequently reduce demand for deposits in commercial banks. The comment came barely four weeks after...

e-Naira is Secure, Dependable, CBN Assures Users   The Central Bank of Nigeria has said its newly launched e-Naira project is secure and dependable. The Director of Corporate Communications, Mr Osita Nwanisobi, stated this while speaking at the ongoing CBN-Fair in Abakaliki on Thursday. According to the apex...