Nigerian President Muhammadu Buhari (L) attends the launch of eNaira at the Statehouse in Abuja, Nigeria, on Oct. 25, 2021. Buhari on Monday launched the eNaira, the country's central bank digital currency (CBDC). (Nigerian Presidency/Handout via Xinhua)ABUJA, Oct. 25 (Xinhua) -- Nigerian President Muhammadu Buhari on Monday launched the eNaira, the country's central bank digital currency (CBDC), becoming the first African nation to introduce an official digital currency.With the launch of the eNaira in Abuja, Buhari noted Nigeria is also one of the earliest in the world to introduce a digital currency to its citizens.In recent times, a global trend is the use of physical cash in conducting business and making payments has been on the decline, the Nigerian leader said at the unveiling of the eNaira Digital at the Statehouse in Abuja on Monday."This trend has been exacerbated by the onset of the COVID-19 pandemic and the resurgence of a new digital economy. Alongside these developments,
Nigerian President Muhammadu Buhari (3rd L) attends the launch of eNaira at the Statehouse in Abuja, Nigeria, on Oct. 25, 2021. Buhari on Monday launched the eNaira, the country's central bank digital currency (CBDC). (Nigerian Presidency/Handout via Xinhua)
