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Nigeria launches Africa’s first digital currency

26 October 2021 3:03 PM
Tags:
Nigeria
Leanne de Bassompierre
Refilwe Moloto
africa report
Breakfast with Refilwe Moloto
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eNiara

Refilwe Moloto interviews Africa Report’s Leanne de Bassompierre.

The Central Bank of Nigeria has launched a digital currency it calls the eNaira.

The Bank in February banned financial services companies from transacting in cryptocurrencies such as Bitcoin.

The eNaira is a digital fiat currency with its value tied to the Naira.

Point of sale device with Nigerian Naira notes. © osarieme/123rf.com

Refilwe Moloto interviewed Africa Report’s Leanne de Bassompierre (scroll up to listen – skip to 2:18).

The President… said it could boost Nigeria’s GDP by $29 billion over the next 10 years…

Leanne de Bassompierre, Africa Report



26 October 2021 3:03 PM
Tags:
Nigeria
Leanne de Bassompierre
Refilwe Moloto
africa report
Breakfast with Refilwe Moloto
Niara
eNiara

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