Author: Iwa Salami

eNaira: Nigeria’s digital currency has had a slow start

Nigeria was the first country in Africa to roll out a central bank digital currency. The eNaira was launched in October 2021. The main reasons were to promote financial inclusion, increase cross-border transactions, facilitate diaspora remittances and complement existing payment systems. But adoption has been low so far. Less than 0.5% of Nigerians were using […]

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