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A Year After Nigeria Launched It to Counter the Use of Bitcoin, the eNaira Is a Failure.

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A Year After Nigeria Launched It to Counter the Use of Bitcoin, the eNaira Is a Failure.

Nigeria is the first country in Africa to launch its own digital currency.

Sylvain Saurel
Oct 11, 2022
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A Year After Nigeria Launched It to Counter the Use of Bitcoin, the eNaira Is a Failure.

inbitcoinwetrust.substack.com
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In Nigeria, the price of oil appears just below its key rate (15.5%) on the central bank's website. A rarity not even seen in the Gulf countries and reflects its heavy dependence on the country's black gold. But Nigeria's leaders are also following with apprehension another course, that of Bitcoin.

Indeed, the king of digital currency is not welcome in N…

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© 2023 Sylvain Saurel
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