CBN To Expand eNaira Use For Gov’t Payments

The Central Bank of Nigeria (CBN) plans to broaden the application of its digital currency, eNaira, to enable payments into government accounts and allow Ministries, Departments, and Agencies (MDAs) to process vendor and beneficiary payments. This is according to the CBN’s newly released Monetary, Credit, Foreign Trade, and Exchange Policy Guidelines for Fiscal Years 2024-2025 [...]

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