CBN suspends e-Naira roll out
The Central Bank of Nigeria has suspended the launch of its digital currency, called e-Naira, hours before its earlier scheduled Independence Day roll out.
The suspension was announced by CBN spokesman Osita Nwanisobi on Thursday while addressing the press in Abuja. The shift in events is to allow other events slated for the country’s 61st independence anniversary to take place.
No new date has been announced for the launch yet.
The CBN had earlier announced the launch of its digital currency (e-Naira) pilot program in October, citing cross-border trade facilitation, financial inclusion, monetary policy effectiveness, improved payment efficiency, revenue tax collection, remittance improvement, and targeted social interventions as benefits of the digital currency.
Peoples Gazette reported in August that the apex bank had chosen Barbados-based financial tech company Bitt Inc. as the technical partner for the e-Naira project.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Kwara targets 1.5 million children for polio vaccination
The executive secretary also added that the Wild poliovirus type 2 was eradicated in 1999, and Wild poliovirus type 3 was eradicated in 2020.
World
Turkish president urges Western countries to respond to Israel’s killings of Palestinians
The Turkish president said an immediate and lasting ceasefire must be achieved as soon as possible in the conflict between Israel and the Palestinians.
World
Blinken backs Israel’s security, says tensions must be defused
Mr Blinken did not confirm an alleged attack by Israel on Iran overnight and said only that the U.S. was not involved in any offensive operations.
States
Police arraign 37-year-old man over illegal possession of pistol
Mr Ibrahim alleged that the defendant unlawfully possessed the pistol, which he could not give a satisfactory account of.
World
EU sanctions Israeli settlers over violence in West Bank
Those subject to sanctions would no longer be allowed to enter the EU or do business with EU citizens.
Health
Governor Otu provides N100 million to improve nutrition in Cross River
Mr Otu said the move would increase food production, availability, accessibility, and affordability in Cross River.