eNaira Accounts for Less Than 1% of Circulating Currency

CBN Urges Nigerian Tertiary Institutions to Embrace e-Naira for Transactions.

As of March 2024, nearly three years post-launch, Nigeria’s Central Bank Digital Currency (CBDC), the eNaira, constitutes less than 1% ...

CBN: eNaira No Threat to Financial Stability

by Jide Omodele

October 10, 2023

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The Central Bank of Nigeria (CBN) has issued a statement on Monday, seeking to dispel misconceptions surrounding its Central Bank ...

CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

CBN Instructs Banks to Provide Naira Payouts for Diaspora Remittance Beneficiaries

by Stephen Akudike

September 13, 2023

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The Central Bank of Nigeria (CBN) has introduced the Naira as a payout option for recipients of proceeds from international ...

Nigeria’s Forex Market Reacts to Exchange Rate Unification.

by Jide Omodele

September 13, 2023

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Nigeria's foreign exchange market has witnessed significant fluctuations since the recent announcement of the unification of all official exchange rate ...

Is the eNaira a waste of government resources?

by Rate Captain

May 24, 2023

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The International Monetary Fund (IMF) recently released a report titled "Nigeria's eNaira, One Year After," revealing that 98.5% of eNaira ...

Tag: eNaira