The Central Bank of Nigeria has postponed the planned launch of the country’s digital currency, e-Naira.
The Spokesman of the CBN, Mr Osita Nwanisobi, announced this in a statement on Thursday titled ‘CBN defers eNaira launch to mark independence anniversary’.
Nwanisobi explained that the CBN took the decision to postpone the launch, which had been initially planned to coincide with the independence anniversary, in deference to the mood of national rededication to the collective dream of one Nigeria.
While identifying the benefits of the eNaira, Nwanisobi said that Nigerians would be able to carry out peer-to-peer transfer to another person’s eNaira wallet as well as pay for goods and services at selected merchants.
He added that the eNaira would also help reduce the use of cash and ensure stability of the Nigerian economy.
On the readiness of banks and other financial institutions in the financial ecosystem for the launch of the eNaira, he said the eNaira was a journey, and that not all bank customers were expected to commence transactions on the day of the launch.
