October 2025 has become a historical day in Nigeria’s finacial system as the Central Bank has launched eNaira.
According to information on the CBN’s website, the Digital Currency has two applications – eNaira speed wallet and eNaira merchant wallet, which were launched on the Google Playstore and Apple Store on Monday.
According to the CBN, the digital currency will add value to Nigeria’s economy.
A statement on the website reads: “eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira.
“eNaira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments.”
