The Naira, which has been underperforming, has received nearly N6 trillion in assistance from the Debt Management Office to help prevent further devaluation.
Nigerians have sounded a note of warning to the country's apex bank to stop boasting about the invincibility of the digital currency, the e-Naira as it will
The naira continued a downward spiral as demands for the dollar soared. Experts predict that the Naira may fall to as low as N600 to a dollar this season...
The Central Bank of Nigeria is worried that NIgerian Banks are not doing enough to sell eNaira to its customers despite the benefits for the Nigerian economy.
The majority of Nigerians are accustomed to using cash, therefore widespread acceptance of a cashless society would take time, including the use of eNaira.
Tanzania is working on its own digital currency and will study CBN's eNaira model to launch its own, the governor of the country's apex bank has announced.