HomeNigerian NewsCBN Pleads With Nigerians To Choose eNaira Over Cryptocurrency

CBN Pleads With Nigerians To Choose eNaira Over Cryptocurrency

The Central Bank of Nigeria has gone public to appeal with Nigerians to choose the newly launched eNaira over cryptocurrency.

The eNaira was recently launched by the President of Nigeria, Muhammadu Buhari, in the presence of his Vice, Prof. Yemi Osibanjo, CBN Governor and some other prominent Federal government officials.

CBN Pleads With Nigerians To Choose eNaira Over Cryptocurrency

According to the CBN, the eNaira is actually more reliable and efficient than the cryptocurrency. Also, they claimed that with the eNaira, it’s going to be practically impossible for scammers to operate.

The appeal was made to the public, by the CBN spokesman, Nnamdi Okwuosa at the CBN Fair, with the theme, ‘Promoting financial stability and economic development.’

CBN Pleads With Nigerians To Choose eNaira Over Cryptocurrency

In a report by Nairametrics CBN said the aim of the Fair was to create an opportunity for stakeholders and the general public in Abia and Ebonyi States to understand issues on the eNaira, consumer protection, currency operations, payment system management, and development finance initiatives.

CBN Pleads With Nigerians To Choose eNaira Over Cryptocurrency

Recall, the Central Bank of Nigeria had earlier banned cryptocurrency and directed all banks and financial institutions to reject every transaction deals made on cryptocurrency.

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Source: www.seniorngr.com

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