Africa Business Radio

The Central Bank of Nigeria says it was working with key stakeholders in the payment system ecosystem to boost the adoption of its digital currency known as the eNaira. The CBN Director, Information Technology Department, Mrs Rakiya Mohammed, explained that the apex bank was neither competing with the Deposit Money Banks nor other actors in the Nigerian payment system environment. She says the CBN remained open to suggestions and innovation aimed at adding value to the eNaira and improving the user experience. The CBN director urged the payment service providers to find more innovative ways to support members of the public in the onboarding process and use of eNaira.