Sunday, December 5, 2021

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Buhari to launch e-Naira Monday

The Central Bank of Nigeria, CBN on Saturday, revealed that President Muhammadu Buhari will formally unveil the e-Naira on Monday.

The digital currency was billed to be unveiled on October 1 but was shifted due to activities to mark the country’s 61st Independence Day.

A statement issued on Saturday by CBN’s Director of Corporate Communications, Osita Nwanisobi, stated that the e-Naira is now expected to be activated on Monday by the president.

The CBN Director who stated that the launching would take place at the States House, Abuja, noted that the “e-Naira is a culmination of many years of research work by the Central Bank of Nigeria, CBN in advancing the boundaries of payments system in order to make financial transactions easier and seamless for every strata of Nigerian society.

“Sequel to a series of engagements with most relevant stakeholders including the banking community, merchants, fintech operators and indeed, a cross section of Nigerians, the Central Bank designed the digital currency, which shall be activated on Monday, October 25, 2021.

“The e-Naira therefore marks a major step forward in the evolution of money and the CBN is committed to ensuring that the e-Naira, like the physical Naira, is accessible by everyone”.

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