Nigeria to launch digital currency, "e-naira", in October- central bank

Nigeria barred its banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February

  
A customer counts money inside a textile shop in Idumota Market, in Nigeria's commercial capital of Lagos, Nigeria February 11, 2019.

A customer counts money inside a textile shop in Idumota Market, in Nigeria's commercial capital of Lagos, Nigeria February 11, 2019.

Reuters/Nyancho NwaNri

ABUJA- Nigeria plans to launch its own crypto currency, called the "e-naira", in October, its central bank governor said on Tuesday.

Nigeria barred its banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February. 

Central Bank Governor Godwin Emefiele said the "e-naira" would operate as a wallet against which customers can hold existing funds in their bank account.

(Reporting By Chijioke Ohuocha; Writing by Libby George; Editing by Alison Williams) ((Libby.George@thomsonreuters.com; +234 809 065 5059 ; Reuters Messaging: libby.george@thomsonreuters.com))


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