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CBN has unveiled a new strategy for the eNaira, aiming for deeper integration in Nigeria’s digital payments ecosystemSlow adoption challenges highlighted, including accessibility issues and competition from established payment solutionsPSV 2028 could offer the eNaira a fresh start, focusing on cross-border payments and consumer trust
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Central Bank of Nigeria (CBN) has unveiled a fresh strategy for the eNaira, signalling a major shift in how the country’s digital currency will operate under its newly released Payments System Vision (PSV) 2028 framework.
When the CBN launched the eNaira in October 2021, it was celebrated as Africa’s first central bank digital currency (CBDC) built for everyday transactions. The initiative was expected to drive financial inclusion, lower remittance costs, deepen the cashless economy, and modernise Nigeria’s payment landscape.
Olayemi-Cardoso-led CBN adopts a new strategy for the eNaira in
