Last October, the government of Nigeria announced the creation of the eNaira, Africa’s first central bank digital currency (CBDC), through the apex monetary authority. The introduction of the new CBDC in Nigeria was expected to improve residents’ and other currency holders’ access to banking and increase remittance inflows. It was […]

  *What is the eNaira currency?   The eNaira is a legal tender issued by the Central Bank of Nigeria as a central bank digital currency (CBDC). It is a digital version of the Naira that will be utilized in the same way as currency.   *Can you tell me […]

Major General Muhammadu Buhari (retd.) stated Tuesday in Riyadh, Saudi Arabia, that attempts to boost the country’s digital economy and combat corruption should provide investors with “a lot of conveniences.” e-Naira, Treasury Single Account, Bank Verification Number, and National Identification Number are among the proposals highlighted by the president. Buhari […]