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First with the News

Nigeria’s Central Bank Postpones Launch Of Digital Currency ‘E-naira’

October 1, 2021
in Economy, Top Stories
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Why Nigeria's Central Bank Raised Interest Rate To 15.5%

CBN Governor, Godwin Emefiele.

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By John Ikani 

The much-anticipated launch of Nigeria’s Central Bank Digital Currency dubbed eNaira has been postponed by the Central Bank of Nigeria (CBN).

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According to the CBN Spokesperson,  Osita Nwanisobi, the decision to postpone the unveiling of the E-naira, scheduled for October the 1st, was made to avoid any distractions from the country’s 61st Independence Day celebration.

Nwanisobi further assured that the CBN and other partners were working round-the-clock to ensure a seamless process that would be in the overall interest of customers, especially the unbanked population.

Heritage Times recalls that some financial experts had earlier cautioned the apex bank to be a bit cautious and not to hasten to launch the digital currency.

Okechukwu Unegbu, a past President of the Chartered Institute of Bankers of Nigeria (CIBN), had advised the CBN to engage more stakeholders in consultations and to carry out adequate sensitisation before launching the e-Naira.

Tags: Central Bank of Nigeria (CBN)E-NairaOkechukwu UnegbuOsita Nwanisobi
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