CBN, PSPs, others partner to deepen adoption of eNaira

By Chioma Obinagwam

Nigeria’s apex bank, the Central Bank of Nigeria (CBN) and key stakeholders in the payments system ecosystem, particularly Payment Service Providers (PSPs) and a large community of Fintech groups, have risen from a one-day engagement session in Lagos, with a resolve to work together to ensure more adoption of the recently launched Central Bank Digital Currency (CBDC), the eNaira.

Confiance News gathered from the official Facebook page of the apex bank.

Speaking at the licensed PSPs Engagement Session held at the Radisson Blu Hotel in Lagos, on Monday, November 22, 2021, as part of further interaction with a broader category of industry players, the Director, Information Technology Department (ITD) at the CBN, Mrs. Rakiya Mohammed, clarified that the CBN was neither competing with the Deposit Money Banks (DMBs) nor other actors in the Nigerian payment system environment.

Mrs. Mohammed explained that the engagement was in continuation of the Bank’s strategy to bring all stakeholders on board what she described as a journey, noting that the CBN was open to suggestions and innovation aimed at adding value to the eNaira and improving the user experience.

Confiance News recalls that eNaira was launched on the 25th of October, 2021.

Please follow and like us:


Leave a Reply

Your email address will not be published. Required fields are marked *