The global payments landscape has evolved dramatically over the years, with digital payments now making the exchange of value easier, faster, and more reliable. Today, Central Bank Digital Currencies (CBDC) represents the latest evolution of digital payments. Generally, there are…
Remita introduces eNaira on payment platform
Remita, Africa’s leading electronic payment brand, has introduced eNaira, the digital currency of the Central Bank of Nigeria (CBN), as an additional payment option across all its touch points. With the introduction of eNaira on Remita, according to a statement,…
eNaira: CBN, PSPs, Fintech partner to deepen adoption by Nigerians
The Central Bank of Nigeria (CBN) and key stakeholders in the payments system ecosystem, particularly Payment Service Providers (PSPs) and a large community of fintech groups, have risen from a one-day engagement session in Lagos, with a resolve to work…
eNaira: Emefiele says there’s “overwhelming interest and encouraging response”
Central Bank of Nigeria (CBN) Governor, Godwin Emefiela, has applauded the progress the recently launched central bank digital currency, or CBDC, eNaira is making since it was rolled out to a rocky start. Last week, Nigeria rolled out its eNaira…
Beware of fraudsters, fake eNaira social media handles – CBN
The Central Bank of Nigeria (CBN) has warned the public about fake social media eNaira handles. Launched Monday by President Muhammadu Buhari, the CBN said in a statement Wednesday that impostors are already defrauding people on the digital currency. “Following…
eNAIRA Launch: Buhari says digital currency will boost Nigeria’s GDP by $29b in 10 years
The adoption of the Central Bank Digital Currency (CBDC) and its underlying technology, called block chain, can increase Nigeria’s GDP by $29 billion over the next 10 years, President Muhammadu Buhari said Monday in Abuja at the official launch of…
As eNaira launches, can Bitt Inc. deliver? – Peter Achalla
In the wake of the one year anniversary of the #endSARS protests and as the CBN launches eNaira on Monday October 25, 2021, Peter Achalla analyses the issues around the planned CBDC and CBN’s technical partner. The Central Bank of…
Godwin Emefiele, Bitt Inc. and that lavish 60th birthday bash in Jamaica – Onyema Dike
The Central Bank of Nigeria announced that it would launch its digital currency, eNaira on October 1, 2021. It did not happen. In a statement, explaining the change in the October 1 launch date, the apex bank said it did…
Over one million register for eNaira in 24 hours
The official website of the Central Bank of Nigeria’s (CBN) digital currency, the eNaira, enaira.com has gone live, recording over one million registrations in 24 hours. The website of the digital currency went live ahead of its formal introduction on…