Tag Archives: eNaira

CoinspeakerNigeria’s Apex Bank Modifies eNaira Model to Boost Adoption Today, the eNaira continues to face many challenges from the nation’s monetary policy and financial stability. Nigeria’s Apex Bank Modifies eNaira Model to Boost Adoption

While the Nigerian legislative body is optimistic about the country’s adoption of eNaira, there is still significant work to be done to enhance the digital infrastructure for financial practices in the country. Nigeria is witnessing an increasing adoption of its Central Bank Digital Currency (CBDC) as the country’s fiat money scarcity intensifies. Almost eighteen months after the introduction of its in-house digital token eNaira, Nigerians have begun the mass adoption of the CBDC as...

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