CBN discloses when eNaira will launch

Central Bank Governor Mr Godwin Emefiele said the bank would launch its digital currency eNaira “in a few days”.

The bank initially scheduled the launch for Oct 1 but postponed it, citing it clashed with activities lined up to commemorate the country’s Independence Day.

On Wednesday, the bank chief said it would be introducing the eNaira in a few days, noting it was part of the bank’s efforts to drive development in the financial sector by leveraging the latest technologies.

Emefiele said this at the 31st seminar for finance correspondents and business editors in Enugu.

Speaking on the theme: ‘Trends in Nigeria payments system: regulating the fintech digital playing field’, the bank chief stressed the importance of the digital currency.

[Read also] Seven things you should know about CBN’s eNaira

He said, “The CBN decided to introduce a central bank digital currency, the eNaira, which would help in attaining our goals of fostering greater inclusion using digital channels, supporting cross border payments for businesses and firms as well as providing a reliable channel for remittances inflows into the country.

“With the deployment of the eNaira, Nigerians in remote areas can conduct financial activities using their digital as well as features on phone devices. Partnering with our stakeholders in the financial industry, I believe that more Nigerians will be financially included”.

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