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e-naira launch

CBDC Could Increase Nigeria’s GDP by $29 Billion in 10 Years: President Buhari

CBDC Could Increase Nigeria’s GDP by  Billion in 10 Years: President BuhariThe Nigerian president, Muhammadu Buhari, suggested in a recent speech that the new e-naira central bank digital currency (CBDC) could lead to an increase in the value of his country’s GDP by $29 billion in ten years. Africa’s First CBDC President Buhari made bold remarks in his speech at Monday’s launch of the e-naira CBDC, […]

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Nigerian President Muhammadu Buhari to Unveil Country’s CBDC

Nigerian President Muhammadu Buhari to Unveil Country’s CBDCThe Nigerian President, Muhammadu Buhari, is expected to formally launch the country’s central bank digital currency (CBDC) on October 25, 2021. High-Level Endorsement of the CBDC According to a statement released by the Central Bank of Nigeria (CBN), the formal event marking the e-naira’s launch will be held at the Buhari’s official residence. After the […]

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Nigerian Central Bank Says It Is Now Ready to Launch CBDC, Downplays Previous Failure

Nigerian Central Bank Says It Is Now Ready to Launch CBDC, Downplays Previous FailureAfter failing to roll out its CBDC on October 1, the Central Bank of Nigeria (CBN) has released a document in which it reiterates its commitment to launching the e-naira. In fact, in this document titled The Design Paper for the E-naira, the CBN says it is now ready to launch Nigeria’s CBDC. CBN Prioritizes […]

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Nigeria Central Bank Governor Says CBDC Launch Just ‘a Couple of Days’ Away

Nigeria Central Bank Governor Says CBDC Launch Just ‘a Couple of Days’ AwayThe governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has confirmed the country’s upcoming digital currency will be launched “in a couple of days from now.” According to the governor, the digital currency which is also known as the e-naira will be the first of its kind in Africa. Nigeria to Launch CBDC […]

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Nigerians Optimistic CBDC Will Improve Payments and Help Promote Cryptocurrencies

Nigerians Optimistic CBDC Will Improve Payments and Help Promote CryptocurrenciesNigerians are hopeful the planned central bank digital currency (CBDC), also known as the e-naira, is going to enhance cross-border payments and make it “easier for the naira to be widely used and accepted.” E-Naira Launch a Boon for Cryptos In fact, according to a VOA report, some Nigerian blockchain experts like Janet Kaatyo believe […]

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Nigerian Court Paves Way for CBDC Rollout, Suggests ‘Plaintiff May Be Adequately Compensated’

Nigerian Court Paves Way for CBDC Rollout, Suggests ‘Plaintiff May Be Adequately Compensated’The Nigerian High Court that is presiding over the e-naira trademark infringement case brought against the Central Bank of Nigeria (CBN), has ruled that Central Bank Digital Currency (CBDC) “may proceed on national interest” considerations. The ruling clears a crucial legal hurdle for CBN’s yet to be rolled out digital currency. CBN’s Alleged Trademark Infringement […]

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