eNaira: Enhancing Financial Stability and Inclusion in Nigeria


The Central Bank of Nigeria (CBN) has refuted claims that the eNaira, the country's digital currency, poses a threat to its financial stability. In a statement released by the CBN's Director of Corporate Communications, Isa AbdulMumin, titled 'eNaira No Threat To Financial Stability,' the bank clarified that concerns raised in media reports lacked a proper understanding of their recent publication, 'Economics of Digital Currencies: A Book of Readings.' The bank emphasized its interest in regulating cryptocurrencies as speculative investments and highlighted the eNaira's role in narrowing financial inclusion gaps. They also stated their commitment to improving the eNaira's user experience and encouraged Nigerians to embrace the technology.



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