eNaira faces uncertain future after ousting of Nigeria’s central bank governor
Godwin Emefiele was dismissed by the new president 10 days after his administration took over and has been held by the police for questioning since then.
Godwin Emefiele was dismissed by the new president 10 days after his administration took over and has been held by the police for questioning since then.
Nigeria’s cash shortage amid the botched note replacement program has been a big win for eNaira, with e-wallets now at 13 million, a 1200% rise from October.
Nigeria is replacing its paper money with redesigned currency notes, and with people queueing for hours just to get $43, the economy is grinding to a halt.