The TRUTH about the e-Naira – Nigeria's Digital Currency!
Nigeria’s CBN has pushed to launch Nigeria’s Digital Currency, dubbed “e-Naira” on October 1st; Nigeria’s Independence Day. In this video, I attempt to explain every aspect of the e-Naira, why it’s being created and who Nigeria is partnering with to make it.
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Table of Content:
0:00 – Introduction
1:09 – What is the e-Naira
2:06 – Why did Central Bank Propose this?
4:48 – Who is making the e-Naira?
7:26 – What is the e-Naira process?
13:21 – Advantages
14:55 – Concerns / Disadvantages
17:27 – Conclusion
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Nigeria CBN e-Naira Guidelines:
CBN Partner with Bitt:
World Bank Forex:
CBN Letter Selecting Bitt Inc:
CBN’s Monetary Policy Director on Arise: