Cryptocurrency Subscribers are bracing up for the launch of Nigeria’s own electronic money – eNaira, which has been slated to come out on Monday, 25, 2021.
The President of the Federal Republic of Nigeria, Muhammadu Buhari, will be doing the honours of launching the eNaira, referred to officially as the Central Bank Digital Currency, CBDC.
As contained in a statement issued by the Director, Corporate Communications, Central Bank of Nigeria, CBN, Mr Osita Nwanisobi, on Sunday in Abuja, he said this occasion marks the formal start of the operation of the nation’s digital version of online currency.
According to the CBN Director, the launch of the eNaira was a product of intense research by the apex bank to ease the transactions process for Nigerians.
Recall that the CBDC was initially to be introduced into the market on October 1, 2021, but for the independence day celebration, the bank decided to shift it further to Monday, 25.
