News
Real reason e-Naira vanished from Google playstore – CBN
The Central Bank of Nigeria (CBN) has explained why the newly-launched e-Naira’s disappearance from Google playstore was only temporary, as it was undergoing an important upgrade aimed at tackling glitches noticed.
This was made known by the Director of Corporate Communications of the CBN, Osita Nwanisobi, on Thursday in Abakaliki, capital of Ebonyi state while speaking at a CBN Fair for the southeast geo-political zone.
She said the app is expected to be back today (Thursday) on completion of the upgrade. The app had over 200,000 wallets downloaded in 24 hours before it went missing.
The eNaira is the digital form of the Nigerian physical Naira currently in circulation. It is issued by the CBN in line with Section 19 of the CBN Act. In essence, it is a direct liability of the Nigerian apex bank. Built on a blockchain open ledger technology that prevents duplication or creation of fake units, each eNaira note will be unique and different.