CBN consultant on e-naira disclosed that the N5, N10, and N20 notes which have been weakened by the declining purchasing power of the naira will soon be out of circulation.
That is why when we are talking of the e-Naira, we say it’s the same naira with purchasing power and possibilities,” said Osita Nwanisobi, CBN spokesman.
The Central Bank of Nigeria’s newly-launched e-Naira will not affect deposits of commercial banks, says a financial expert and chief consultant, Biodun Adedipe.
The Nigerian leader launched the country’s digital currency platform in Abuja on Monday.
Folashodun Shonubi, the bank’s deputy governor in charge of operations, attended a seminar hosted by the Chartered Institute of Bankers of Nigeria in Lagos.
The group wants details of the apex bank’s engagement with Bitt to be made public.
