World PR Day

PR is not a shortcut to credibility; 5 questions to determine media readiness

Nokuthula Khwela

A Golden Age of Strategic PR must also be a golden age of disclosures

Solly Moeng

PR is entering the golden age of external communications

Kevin Welman

BROUGHT TO YOU BY:

More #WPRDAY2026

Subscribe & Follow

Advertise your job vacancies

Nigeria launches digital currency to enhance payments

Nigerian President Muhammadu Buhari will launch a digital currency today aimed at improving the payments system in the West African nation, according to the central bank.

25 Oct 2021

Source: ©pavel shlykov 123rf

The eNaira, which took several years to develop, will “make financial transactions easier and seamless for every strata of the society,” the Central Bank of Nigeria said in emailed statement on Saturday.

The digital currency will complement the physical naira.

The Abuja-based bank in August selected Bitt Inc. as a technical partner to help create the digital currency. It announced plans to introduce the virtual ledger four months after banning cryptocurrency transactions in February, saying they were a threat to the financial system.

Source: Daily Maverick

Daily Maverick is a unique blend of news, information, analysis and opinion delivered from our newsrooms in Cape Town and Johannesburg, South Africa. There are many ways to describe exactly what we do (and for the price of a cup of coffee we’re capable of talking your ears off about it), but the best way to understand the end result is to experience it. Every part of Daily Maverick is free-to-air and no payment is required, although free registration is required for a small subset of functions and pages.

Daily Maverick is run by an independently owned, private company with no affiliation to any other media group (or political party or religious organisation.) Follow Daily Maverick on Twitter at @dailymaverick.

Go to: https://www.dailymaverick.co.za/