Nigeria’s central bank governor says CBDC has launched ‘just a few days’ – emerging market Bitcoin News

The governor of Nigeria’s central bank (CBN), Godwin, has confirmed in MPhil that the country’s upcoming digital currency will be launched “in a few days from now”. According to the governor, the digital currency, also known as e-Naira, will be the first of its kind in Africa.

Nigeria will launch CBDC in a matter of days

  • Amephile’s assurance for Nigerians postponed CBN’s e-Naira launch to an unknown date.
  • Amefil said on Thursday that e-Naira would make CBDC Nigeria “one of the first countries in Africa to adopt digitization of its national currency”.
  • As previously reported by News, the central bank has claimed that it has suspended the launch of e-Nair as it would clash with the country’s Independence Day celebrations.
  • However, some observers have speculated that the delay may be due to a legal challenge brought by a Nigerian firm against the central bank.
  • A Nigerian court has since ruled in favor of the CBN, paving the way for the introduction of a digital currency that will be the first in Africa.
  • When finally launched, this digital currency is expected to accelerate financial inclusion and enable cheaper and faster remittance flows, according to CBN.
  • The introduction of CBDC will also ensure that the central bank maintains control over the monetary system.
  • 12 days ago 27 September, the official website of e-Naira in Nigeria which says: “Same Naira. More possibilities ”and that financial transaction would be“ easier ”.
  • The website also boasts an e-Naira wallet, which can be downloaded via Google Play for Android and the Apple App Store for iOS devices.

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Tags in this story

CBDC, Central Bank, Central Bank of Nigeria, e-naira, e-naira launch, Emefiele, Emerging Markets, Financial Inclusion, Godwin Emefiele, Nigeria, Remittance

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