• The launch of the CBDC in Nigeria is only “a couple of days away,” according to the governor of the Central Bank of Nigeria

  • Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has confirmed that the country’s upcoming digital currency will be launched “in a couple of days.” The digital currency, also known as the e-naira, will be the first of its kind in Africa, according to the governor.

    Nigeria is set to launch a CBDC in a matter of days.

    Emefiele’s assurances to Nigerians come after the Central Bank of Nigeria postponed the launch of the e-naira to an unknown date. According to sources According to Emefiele, the e-naira CBDC will make Nigeria “one of the first countries in Africa to adopt the digitisation of its national currency.” As previously reported by ULTCOIN365, the central bank claimed that the e-launch naira’s had been delayed because it would have interfered with the country’s independence day celebrations. However, some observers speculate that the deferment was forced by a legal challenge brought against the central bank by a Nigerian firm.Since then, a Nigerian court has ruled in favor of the CBN, paving the way for the launch of a digital currency that will be one of Africa’s first. According to the CBN, when it is finally launched, this digital currency will accelerate financial inclusion and enable cheaper and faster remittance inflows. The CBDC will also ensure that the central bank retains control of the monetary system. On September 27, Nigeria’s official website for the e-naira stated, “Same Naira. More Possibilities,” and that financial transactions would be “easier.”The website also features an e-naira wallet that can be downloaded from Google Play for Android devices and the Apple App Store for iOS devices.

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