₦airaland Forum

KINGSPARO.COM reports that on 25th of October 2021, Buhari's led government launched Nigerian digital currency, E–Naira at the States House in Abuja.


The Central Bank of Nigeria, CBN had earlier announced that President Muhammadu Buhari will on Monday (today) unveil the e-Naira.

KINGSPARO.COM recalls that the CBN had on September 30th suspended the launch of its digital currency, called e-Naira. The suspension of the launch was announced by CBN spokesman Osita Nwanisobi while speaking to newsmen in Abuja.

According to the CBN spokesperson, the rollout was suspended to allow other events slated for the country’s 61st independence anniversary to take place.

But in a statement on Saturday, Osita Nwanisobi stated that the e-Naira is now expected to be activated on Monday by the president. The CBN Director stated that the launching would take place at the States House, Abuja.

Coming to fulfillment, President Buhari has on Monday, declared the official use of the new era electronic version of the nation’s local paper currency.

Present at the unveiling were the Vice-President, Prof. Yemi Osinbajo, and the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, Naija News understands.

The E-Naira will hold equal value with the paper currency and will be issued by the CBN.

Nigerian authorities say the currency is not intended to replace cash but will function as a safe and efficient alternative means of payment.

The eNaira will be a Central Bank Digital Currency (CBDC), issued by the government, and it will have the same value as the paper, or fiat, currency.

It is understood that CBDCs is far different from cryptocurrencies in being regulated and therefore subject to banking laws. They are issued by a central authority and are therefore trusted by traders. The CBN issued its regulatory guidelines for the eNaira on 1 October.

Babanah:
This message is to Nigerian women.

As you well have noticed, the “Presidency” has seized control of the First Lady’s conference room for about a year now.

Not a word or whimper from the Nigerian women.

Women of Nigeria arise and fight for your rights. Seize control of your hallowed conference room and take back what belongs to you.

But no guns please.

klonboi:

I though he promised us 1dollar = 1Naira

Cholls:
My brother very poor logo designed for the poor who don't know better... their new found ways to impoverish the masses by extortion.

klonboi:

I though he promised us 1dollar = 1Naira

NwaNimo1:
Scam of the century!

[img]https://media1./images/8449c89b2a5a67af4d98b99a8e403eee/tenor.gif?itemid=21379361[/img]

Another avenue to borrow, loot and embezzle!

Sparofire:
https://kingsparo.com/buharis-govt-launches-nigerian-digital-currency-e-naira/