Nigeria to partner with Bitt Inc to launch ‘eNaira’ digital currency

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The headquarters of the Central Bank of Nigeria is seen in the capital Abuja. (Creative Commons / Wikimedia)
The headquarters of the Central Bank of Nigeria is seen in the capital Abuja. (Creative Commons / Wikimedia)

Nigeria will work with Bitt Inc as a technical partner in its bid to launch its own cryptocurrency, the “eNaira”, the Central Bank said on Monday.

The Central Bank announced plans to launch its own digital currency later this year after Nigeria barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February.

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