eNaira Accounts for Less Than 1% of Circulating Currency
As of March 2024, nearly three years post-launch, Nigeria’s Central Bank Digital Currency (CBDC), the eNaira, constitutes less than 1% ...
Tag: eNaira
CBN: eNaira No Threat to Financial Stability
The Central Bank of Nigeria (CBN) has issued a statement on Monday, seeking to dispel misconceptions surrounding its Central Bank ...
CBN Instructs Banks to Provide Naira Payouts for Diaspora Remittance Beneficiaries
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.
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?
The International Monetary Fund (IMF) recently released a report titled "Nigeria's eNaira, One Year After," revealing that 98.5% of eNaira ...
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