Nigerian Digital Currency (eNaira)

The Nigerian Digital Currency, called eNaira, is a digital form of Nigeria’s official money issued by the Central Bank. It allows people to make quick, secure, and convenient transactions electronically, similar to cash but in a digital format. eNaira aims to boost financial inclusion, reduce transaction costs, and enhance payment efficiency across Nigeria. It is stored in digital wallets and can be used for various payments, making everyday transactions faster and safer without needing physical cash. Essentially, eNaira is Nigeria’s official digital money designed to modernize the financial system.