Nigeria Pans To Launch Its Own Digital Currency 'e-naira'

Following Britain's decision to launch their own digital money, Nigeria's central bank governor has now revealed plans to launch the country's own digital currency named 'e-naira' in October. Governor Godwin Emefiele stated that e-naira will work as a wallet where customers can save their funds. Nigeria in February had prohibited all the banks and monetary institutions to trade in cryptocurrency such as dealing or facilitating transactions.