The much awaited launching of the eNaira, the digital currency being promoted by Nigeria through its Central Bank has been postponed. According to the Bank’s spokesperson Mr Osita Nwanisobi, the launch, which was earlier scheduled for October 1, was postponed due to other activities lined up to commemorate the country’s 61st independence anniversary.
Nwanisobi said that the CBN and other partners were working round-the-clock to ensure a seamless process that would be in the overall interest of customers, especially the unbanked population.
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He said that with the e-Naira, Nigerians would be able to carry out peer-to-peer transfer to another person’s e-Naira wallet as well as pay for goods and services at selected merchants.
He added that the e-Naira would also help to reduce the use of cash and ensure the stability of the Nigerian economy.
The director assured Nigerians that financial institutions in Nigeria remained key actors and were a critical part of the CBN Digital Currency.
The News Agency of Nigeria (NAN) reported that some financial experts had earlier cautioned the apex bank to be a bit cautious and not to hasten to launch the digital currency.
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Analysts have adviced the apex bank to engage more stakeholders in consultations and to carry out adequate sensitisation before launching the e-Naira.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry