Tag: digital currency
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CBN partners British fintech to develop digital currency
The Central Bank of Nigeria, on Monday, announced the formal engagement of a global fintech company, Bitt Inc., as the technical partner for its digital currency. The CBN said the digital currency, called ‘eNaira’, would be unveiled before the end of this year. According to a statement by the acting Director, Corporate Communication, Osita Nwanisobi,…
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CBN to launch digital currency Oct 1
The Central Bank of Nigeria (CBN) has perfected plans to launch its own digital currency on October 1, 2021. According to reports, the CBN alongside stakeholders picked Independence Day as its launch date. At a recent press briefing, the IT Director, Rakiya Mohammed, confirmed this development and noted that the apex bank has studied the…