Tag: eNaira

FG may start paying salaries through eNaira

Aminu Imam
FG on eNaira

The Federal Government may soon begin paying workers’ salaries, pensions and social welfare benefits through the eNaira platform. According to reports, this is part of a new plan by the Central Bank of Nigeria (CBN) to expand the use of the country’s digital currency. According to reports, the proposal is contained in the ‘Nigeria Payments System Vision 2028’, a new roadmap released by the apex bank to strengthen digital payments and increase the role of the eNaira in everyday financial transactions. Recall that the eNaira was introduced in October 2021…

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Buhari to unveil e-Naira tomorrow

Aminu Imam

President Muhammadu Buhari will formally unveil the Nigerian Central Bank Digital Currency, (CBDC), known as the eNaira, at the State House, Abuja, tomorrow. According to a statement by the Central Bank of Nigeria, (CBN), the digital currency was coming after detailed research, spanning many years. It said, “the launch of the eNaira is a culmination of several years of research work by the CBN in advancing the boundaries of the payments system in order to make financial transactions easier and seamless for every stratum of the society. “Following a series…

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