The Governor of the Central Bank of Nigeria, Godwin Emifili, has confirmed that the country’s next digital currency will be launched “in a couple of 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 launches CBDC in days
Emefiele confirms to Nigerians after CBN postpones e-naira launch to unknown date.
Sources revealed that Emefiele said on Thursday that the e-naira CBDC would make Nigeria “one of the first countries in Africa to adopt the digitization of its national currency.”
As previously reported by Bitcoin.com News, the central bank claimed that it delayed the launch of the e-naira because this would have interfered with the independence day celebrations in the country.
However, some observers have speculated that the postponement may have been necessary due to a legal challenge brought by a Nigerian company against the central bank.
A Nigerian court has since ruled in favor of Nigeria’s central bank, paving the way for the launch of a digital currency that will be one of 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 the Central Bank of Nigeria.
The launch of a central bank digital currency will also ensure that the central bank maintains control over the monetary system.
12 days ago on September 27, Nigeria’s official website for e-naira which states: “Same Naira. More possibilities” and that financial transactions will be ‘easier’.
The site also has 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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Emerging Markets, CBDC, Central Bank, Central Bank of Nigeria, e-naira, Launch of e-naira, Emefiele, Financial Inclusion, Godwin Emefiele, Nigeria, Remittances