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eNaira Website Down, CBN Shifts Launching Date

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Central Bank of Nigeria CBN director cooperate communication, Mr Osita Nwanisobi on Thursday, announced the postponement the October 1st planned launching of Nigeria’s digital currency, eNaira.

Nwanisobi explained that the CBN took the decision to postpone the launch, which had been initially planned to coincide with the independence anniversary, in deference to the mood of “national rededication to the collective dream of one Nigeria.”

While assuring that there is no need to be worried, he said the CBN and other partners were working round the clock to ensure a hitch free process that would be for the overall benefit of the customer, particularly those in the rural areas and the unbanked population.

Highlighting the benefits of the eNaira, Nwanisobi said that Nigerians would be able to carry out peer-to-peer transfer to another person’s eNaira wallet as well as pay for goods and services at selected merchants.

He added that the eNaira would also help reduce the use of cash and ensure stability of the Nigerian economy.

On how prepared banks and other financial institutions are for the launch of the eNaira, he said the eNaira was a journey, and that not all bank customers were expected to commence transaction on the day of the launch.

The CBN spokesman also said that a new date for the launch will be announced soon.

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