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EN
CBN Sets To Roll Out E-Naira
['African Examiner']
Banking & Finance | African Examiner
CBN Sets To Roll Out E-Naira(AFRICAN EXAMINER) – The director of Information Technology, Central Bank of Nigeria (CBN), Rukiya Mohammed, said the apex bank has concluded plans to launch the Central Bank Digital Currency (CBDC) on October 1.
Mohammed said that the use of digital payment was rising while cash payment was declining both in Nigeria and globally.
She said that over 85 per cent of Central Banks worldwide were considering digital currency and so CBN was also innovative to cope with global trends.
“Even though Nigeria has a good payment system, this would also improve Nigeria’s payments efficiency,“ she said.
She said the CBN has partnered with a lot of experts in digital currency technology providers such as MasterCard, came up with the design and would soon publish the design.
['technology'
'payment'
'cbdc'
'nigeria'
'bank'
'currency'
'enaira'
'roll'
'system'
'central'
'sets'
'digital'
'cbn']