President Buhari has on Monday launched the Nigeria digital currency “eNaira”.
The eNaira wallet offers a great way of making purchases with retailers on-site, transferring or sending money while tracking rewards programs. You can link the e-wallet to your bank account or pay as you go with a prepay option. In addition, the embedded security token system makes your information unreadable to fraudsters because tokens are randomly generated every time you make a payment.
The eNaira is the Nigerian digital currency that is issued and regulated by the Central Bank of Nigeria. Its functionality delivers speedy, safe, and simple trading and transaction opportunities to customers and end-users:
It is exchanged peer to peer.
It is universal – anybody can hold it.
It does not yield any interest.
For more information visit the eNaira official website on www.enaira.gov.ng
This development came in after the Federal High Court sitting in Abuja, the Federal Capital Territory (FCT) had quashed the notice; ruling that the CBN can proceed with the implementation of the eNaira. The court, presided over by Justice Taiwo Abayomi Taiwo; gave the ruling in the light of the importance of the Central Bank Digital Currency [CBDC]. The ruling came as the defendants’ counsel urged the court to dismiss the plaintiff’s motion to halt the launch.
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