Business
CBN dismisses report on planned replacement of Naira with eNaira
The Central Bank of Nigeria (CBN) has dismissed a report on planned replacement of Naira notes with the country’s digital currency, eNaira.
Reports emerged at the weekend that the apex bank will phase out the Naira with the eNaira serving as the single currency for trades in Africa’s largest economy.
The digital currency was launched in October 2021 in a bid to check the growing adoption of cryptocurrency among Nigerians.
The launch of the eNaira made Nigeria the first country in Africa to officially have a digital currency as a legal tender.
The CBN’s Director of Corporate Communications, Osita Nwanisobi, in a statement on Saturday dismissed the claim as outright falsehood.
He said the eNaira was created to complement the physical cash in trades and not to erode its presence as is being speculated.
-
Sports4 days agoSenegal opens Dakar 2026 Youth Olympic Games, Africa’s first Olympic event
-
Latest7 days agoTinubu endorses Nigeria’s participation in 2026 World Travel Market London
-
Football6 days agoU-17 Women’s World Cup: Flamingos Beat Mexico to Reach Quarter-Finals
-
Business4 days agoNNPC’s N66-per-litre petrol discount set to end October 31
-
Latest4 days agoINEC recognises Pantami for Gombe, keeps Kano NDC candidate off final list
-
Latest4 days agoFG Announces N50,000 cash support for vulnerable Nigerians under new relief programme
-
Latest5 days agoNetanyahu, Eisenkot face coalition deadlock as Israel struggles to form new government
-
Latest4 days agoNDC Chieftain tells Atiku to drop presidential ambition over son’s support for Tinubu