Nigerian central bank will test prototype CBDC

The Central Bank of Nigeria

Nigeria’s central bank will begin trials of a prototype central bank digital currency (CBDC) on October 1.  

The Central Bank of Nigeria announced on August 30 that it would work on the “eNaira” with Bitt, a payments technology firm based in Barbados. Bitt will use its “digital currency management system”, which it is also using for the Eastern Caribbean Central Bank’s prototype CBDC.

On September 28 the CBN went live with a website dedicated to the eNaira. The website offers an online process

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: