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Crypto: Nigeria will soon have its own digital currency — CBN

Published by on May 27th, 2021.


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Nigeria will soon create its digital currency, the Central Bank of Nigeria said Tuesday as the bank continues to face questions over its ban on cryptocurrency transactions in the country.
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The governor of the CBN, Godwin Emefiele, said this while addressing journalists after a two-day meeting of the Monetary Policy Committee in Abuja. He said the idea of a digital currency would soon become a reality in the country, and that the central bank has already set up its committee, which is working on the concept.

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