Tag: eNaira

eNaira hits 905k downloads
Banking

CBN introduces USSD to boost eNaira

The Central Bank of Nigeria plans to introduce the Unstructured Supplementary code as part of steps to improve the Central Bank Digital Currency. This was disclosed by the Deputy Governor of the CBN, Kingsley Obiora, at the IMF African Department Speakers Series held virtually on Friday, according to Nairametrics.  Obiora said that Nigeria was doing […]

eNaira hits 905k downloads
Policy and Regulations

Digital currency won’t eliminate naira notes – CBN

The Central Bank of Nigeria on Saturday disowned the statement credited to one of its staff that it would withdraw naira notes from circulation and replace it with the digital currency, known as eNaira. The Director, Corporate Communications Department, CBN, Mr Osita Nwanisobi, however, said the digital currency would complement the naira notes. In the […]