{"id":200467,"date":"2021-10-04T17:00:17","date_gmt":"2021-10-04T16:00:17","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=200467"},"modified":"2024-03-01T16:29:49","modified_gmt":"2024-03-01T16:29:49","slug":"nigeria-suspends-launch-of-ambitious-e-naira-project","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/nigeria-suspends-launch-of-ambitious-e-naira-project\/","title":{"rendered":"Nigeria suspends launch of ambitious e-naira project"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The apex bank of Nigeria has announced the postponement of the launch of the country\u2019s CBDC project, eNaira. According to a local media <\/span><a href=\"https:\/\/www.thecable.ng\/cbn-postpones-planned-unveiling-of-enaira\"><span style=\"font-weight: 400;\">report<\/span><\/a><span style=\"font-weight: 400;\">, the bank cited important events lined up in preparation for the country's 61st Independence anniversary.<\/span><\/p>\n<h2><b>Nigeria suspends \u201ceNaira\u201d launch<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Central Bank of Nigeria\u2019s (CBN) Director of Communications, Osita Nwasinobi, on Thursday, revealed that the suspension of the launch of the CBDC project was in respect of the current mood of \u201cnational rededication to the dream of One Nigeria.\u201d<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">Ahead of the anticipated launch of Nigeria's Central Bank Digital Currency, known as eNaira, the Spokesman of the Central bank of Nigeria, Mr Osita Nwanisobi, says the planned unveiling on October 1, 2021, has now been deferred due to other key activities lined up to commemorate the country's 61st Independence Anniversary.<\/span><\/p><\/blockquote>\n<p>Popular Nigerian activist, commonly referred to as Sega Link, <a href=\"https:\/\/twitter.com\/segalink\/status\/1443662829878497281?s=21\"><span style=\"font-weight: 400;\">advised<\/span><\/a> the apex bank not to \u201crush\u201d the launch of the project, saying \u201cit should be well planned and properly strategized.\u201d<\/p>\n<p><span style=\"font-weight: 400;\">Interestingly, the postponement is coming a day after a tech company, ENaira Payment Solutions Limited, filed a suit against the bank over the name &#8220;eNaira,&#8221; claiming it belongs to its brand. Through its team of lawyers, the company is demanding that the CBN drop the \u201ceNaira\u201d name.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">No further information was given on when the project would be launched.<\/span><\/p>\n<h2><b>Other countries continue on the CBDC project<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While Nigeria\u2019s launch of its CBDC project is hanging, other countries in the continent and the rest of the world are stepping up their plans for their national digital currency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of press time, China leads the pack with its digital yuan project. The Asian country has carried out a number of tests using the currency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from China, other countries like Russia, Japan, Barbados, South Korea have also advanced in their CBDC quest. <\/span><span style=\"font-weight: 400;\">In Africa, Ghana, Tunisia, Madagascar have also continued to work on their CBDC project.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The apex bank of Nigeria has announced the postponement of the launch of the country\u2019s CBDC project, eNaira. According to a local media report, the bank cited important events lined up in preparation for the country&#8217;s 61st Independence anniversary. Nigeria suspends \u201ceNaira\u201d launch Central Bank of Nigeria\u2019s (CBN) Director of Communications, Osita Nwasinobi, on Thursday, [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":200448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60793,11],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nigeria suspends launch of ambitious e-naira project<\/title>\n<meta name=\"description\" content=\"The central bank of Nigeria has announced the suspension of the launch of the country\u2019s CBDC \u201ceNaira\u201d project.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/nigeria-suspends-launch-of-ambitious-e-naira-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria suspends launch of ambitious e-naira project\" \/>\n<meta property=\"og:description\" content=\"The central bank of Nigeria has announced the suspension of the launch of the country\u2019s CBDC \u201ceNaira\u201d project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/nigeria-suspends-launch-of-ambitious-e-naira-project\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-04T16:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-01T16:29:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/enaira-nigeria.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/nigeria-suspends-launch-of-ambitious-e-naira-project\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/nigeria-suspends-launch-of-ambitious-e-naira-project\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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