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Nigeria Struggles with its New Central Bank Digital Currency (CBDC) – fintechs and Nigerian Consumer Banking

The new CBDC, the eNaira, was initially scheduled to launch on 1 Oct. That was postponed since the launch clashed with Independence Day celebrations. Nigerians became suspicious of their central bank’s (CBN) readiness for a digital currency rollout; after all, Independence Day is a fixed event every year and so authorities should have planned better.…

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