Tags: Naira

E-naira Not A Threat - Nigeria’s Central Bank Replies to Critics, Highlights Use Cases

The world’s second-ever CBDC has yet to reach 1 of Nigeria’s population, according to the IMF assessment.

The number of eNaira wallets has jumped more than 12-fold to 13 million since October and the value of transactions has climbed 63 this year.

The Supreme Court of Nigeria says no to redesigning the naira, ruling that the old banknotes will remain in circulation.

A lack of infrastructure, merchants and interest may all be contributing factors to Nigeria’s low eNaira pickup – despite its recent cash issues.

Nigerians are paying a premium, but probably more for the stability of the U.S. dollar than for bitcoin, an analyst told CoinDesk.