In a period when the Nigerian currency, the Naira, has faced unprecedented challenges and global economic headwinds, the Central Bank of Nigeria (CBN) has demonstrated unwavering resilience. Despite the some worth unstable nature of the currency, the apex bank has not shown any signs of fatigue.
Three years in, eNaira Struggles as Transactions Crawl to N29bn
Nigerians have continued to ignore the eNaira, which has now been used for only N29.3 billion worth of transactions since its October 2021 launch.
Unveiled by former president Muhammadu Buhari as a tool to promote financial...
CBN, Gluwa Partner to Accelerate eNaira Adoption
Central Bank of Nigeria, has signed a Memorandum of Understanding with the blockchain firm, Gluwa to accelerate the adoption of eNaira, Nigeria’s digital currency.
In a recent statement, the firm disclosed that the partnership aimed at utilising blockchain technology...
CBN Upgrades eNaira, Introduces NFC Device
The Central Bank of Nigeria (CBN) has upgraded the eNaira by introducing a chip-enabled Near Field Communication (NFC) device into the eNaira.
The NFC feature will enhance the use of the eNaira by Nigerians without smart phones or internet access.
NFC...
CBN Moves To Partner FUTA On eNaira
The Central Bank of Nigeria (CBN) on Monday sought the partnership of the Federal University of Technology Akure (FUTA) Ondo State, in adopting the newly introduced digital currency known as eNaira.
The apex bank urged the university to adopt...
eNaira: Much Ado About High Expectations, Hasty Conclusions, by Abdulrahman Abdulraheem
The rate of adoption, acceptance and spread of eNaira has come under attack in recent times over what looks like the failure of critics to understand monetary system in Nigeria, Nigerians' sentimental attachment to...
