Tag: enaira

What is E-Naira digital currency and how is it different from other digital currencies? 
News

What is E-Naira digital currency and how is it different from other digital currencies? 

Ever since the ban of cryptocurrency in Nigeria, the federal government has announced the release of another digital currency issued by the CBN called e-Naira. We'll after a long wait the currency is finally launched and functioning as you read this article.  E-Naira was launched by the president of Nigeria, Muhammad Buhari on October 1st, 2021. Making Nigeria the only country in Africa to have its own digital currency and one of the few in the world.  Some people are still confused and keep on asking why would the federal government ban digital currencies like bitcoin and the rest if they are just going to launch another digital currency, well…