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eNaira Transactions Rise To N4bn
The Governor, Central Bank of Nigeria, Godwin Emefiele, has revealed that the value of transactions on the eNaira has risen to N4 billion since its launch on October 25, 2021. This then shows an increase of 2,027.66 per cent from the last year’s transaction value of N188 million. This was disclosed at the grand finale…
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Nigeria Becomes First African Country To Roll Out Digital Currency
Nigeria has joined the list of emerging markets betting on digital money to boost its participation in the formal financial system. The digital currency, called the eNaira, was officially launched today after the apex bank of Nigeria outlawed banks and financial institutions from transacting or operating in cryptocurrencies in February. Since the launch of the…