Nigeria’s eNaira CBDC rollout receives approval from the Federal High Court
The Federal High Court of Nigeria has approved the use of a central bank digital currency (CBDC) as legal tender. eNaira will continue to circulate alongside its fiat counterpart. According to a report by Voice of Nigeria, Nigeria’s CBDC issue clearance was revealed in a federal court hearing on Oct. 2 presided by Justice Taiwo […]
Central Bank of Nigeria releases draft rules for the eNaira CBDC programme
The planned central bank digital currency, according to the CBN, will have parity of value and will operate as a non-interest-bearing CBDC (Central Bank Digital Currency). The Central Bank of Nigeria (CBN) has announced preliminary instructions for its proposed eNaira digital currency, which is expected to be launched later this year. The Central Bank of […]