Is Nigeria’s eNaira Dead? CBN Forms New Task Force for Official Stablecoin

Nigeria’s central bank has formed a new task force to explore the adoption of stablecoins, raising questions over the future of the country’s digital currency, the eNaira. Central Bank of Nigeria (CBN) Governor Olayemi Cardoso announced the formation of the working group during a press briefing at the conclusion of the annual World Bank and International Monetary Fund (IMF) meetings in Washington, D.C. Cardoso said the Central Bank, in collaboration with the Ministry of Finance and other financial regula ...