Tag: E-Naira

CBN clears air on withdrawal of Naira notes from circulation

Aminu Imam

The Central Bank of Nigeria, (CBN), has said that there was no plan to replace the Naira notes in circulation with the eNaira, the digital currency, in the foreseeable future. The Director, Corporate Communications Department of the apex bank, Osita Nwanisobi, at the weekend disowned the report that the Bank intends to replace the Naira notes with eNaira in due course. He said that the statement purportedly to have been made during a stakeholders engagement on eNaira adoption in Asaba, Delta State was misconstrued, and therefore called on the general…

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CBN orders traders, others to accept e-Naira, highlights benefits of digital currency

Aminu Imam

The Central Bank of Nigeria, (CBN), on Tuesday ordered traders and other businesses to accept the countrys digital currency, e-Naira, as a legal tender after its launch next month. The apex bank will launch the e-Naira on October 1. The CBNs Director of Payment System, Musa Jimoh, gave the directive during a programme during a television programme yesterday. He stressed that just like the paper note, CBN bears all liabilities for the e-Naira. The CBN also advised Nigerians to open e-Naira wallets which could be downloaded on mobile phones from…

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