Nigeria to launch digital currency, "e-naira", in Oct - central bank

28 July 2021 - 09:13 By Chijioke Ohuocha
Nigeria plans to launch e-naira in October.
Nigeria plans to launch e-naira in October.
Image: REUTERS/Afolabi Sotunde TPX IMAGES OF THE DAY

Nigeria plans to launch its own crypto currency, called the "e-naira", in October, its central bank governor said on Tuesday.

Nigeria barred its banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February.

Central Bank Governor Godwin Emefiele said the "e-naira" would operate as a wallet against which customers can hold existing funds in their bank account.

Reuters


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