e-Naira – First digital currency in Africa.

The Head of Development Finance Department at the CBN, Aminu Muhammad, has on
Wednesday slammed local banks in Nigeria for not effectively promoting the E-Naira.

Why it matters?
E-Naira is the digital currency of Naira and the CBN launched it on the 25th of October 2021. The launch of E-Naira made Nigeria the first country in Africa to own a digital currency.
While speaking at an event on Wednesday in Kaduna, Aminu Muhammadu expressed his displeasure in the way Nigeria local banks having been promoting the currency.
The event attended by youth corp members, university students and other members of the public was organized to enlighten attendees on the CBN initiative of a digital currency. He stated that the Financial Institutions were to be at the front lines in pursuing this initiative.

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