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CBN postpones E-Naira launch

CBN postpones E-Naira launch

CBN postpones E-Naira launch

The Central Bank of Nigeria (CBN) has announced the postponement of the proposed launch of its digital currency, E-Naira.

A statement by the CBN’s Director of Communications, Mr Osita Nwanisobi, said that the launch, which was earlier scheduled for 1 October was postponed due to other activities lined up to commemorate the country’s 61st independence anniversary.

Nwanisobi said that the CBN and other partners were working round-the-clock to ensure a seamless process that would be in the overall interest of customers, especially the unbanked population.

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He said that with the E-Naira Nigerians would be able to carry out peer-to-peer transfer to another person’s E-Naira wallet, as well as pay for goods and services at selected merchants.

He added that the E-Naira would also help to reduce the use of cash and ensure the stability of the Nigerian economy.

The director assured Nigerians that financial institutions in Nigeria remained key actors and were a critical part of the CBN Digital Currency.

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