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Buhari officially launches eNaira

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The President, Major General Muhammadu Buhari (retd) has officially launched Nigeria’s digital currency, e–Naira, on Monday.

WuzupNigeria reports that the ceremony was streamed live at the State House, Aso Rock Villa, in the Federal Capital Territory, Abuja.

Vice-President, Prof. Yemi Osinbajo and the Central Bank of Nigeria Governor, Godwin Emefiele, were present at the unveiling ceremony.

Recall that the launch was earlier scheduled for Oct. 1, but postponed due to other activities lined up to commemorate the country’s 61st independence anniversary.

According to the apex bank’s Director of Communications, Mr Osita Nwanisobi said that the e-Naira would reduce the use of cash and ensure the stability of the Nigerian economy.

Speaking earlier this month, he added that it will also enable Nigerians to carry out peer-to-peer transfers to another person’s e-Naira wallet, as well as pay for goods and services at selected merchants.

The director assured Nigerians that financial institutions in Nigeria remained key actors and were a critical part of the CBN Digital Currency.

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