Nigeria eNaira event
Overview
The Central Bank of Nigeria introduced the eNaira on 25 October 2021, positioning Nigeria as the first African nation and the second globally, behind the Bahamas, to launch a central bank digital currency. The stated aims included enhancing financial inclusion, facilitating cross-border CBDC transactions, streamlining diaspora remittances, and complementing existing payment systems. Adoption has remained limited; while millions of wallets have been registered, reporting suggests that fewer than one percent of Nigerians use the eNaira actively. The CBN has explored measures such as channelling government disbursements through the eNaira to increase usage.
Within The Counterparty graph, Nigeria eNaira connects to 3 tracked entities, most strongly to Central Bank of Nigeria, Central Bank of Nigeria, Central Bank of Nigeria.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued | Central Bank of Nigeria | 95% |
regulates | Central Bank of Nigeria | 95% |
issued_by | Central Bank of Nigeria | 95% |
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.
Questions on the record
When did the eNaira launch?
The Central Bank of Nigeria launched the eNaira on 25 October 2021.