“The CBN took the decision to postpone the launch, which had been initially planned to coincide with the Independence anniversary, in deference to the mood of national rededication to the collective dream of One Nigeria,”Mr Osita Nwanisobi, the apex bank’s Director of Corporate Communications noted in a statement.
The Central Bank of Nigeria (CBN) has paused the launch of e-naira, the digital currency. Sure, that is our tradition in this part of the world as nothing is ever launched by the government as promised, on time. Yet, there are many issues to be concerned including that letter from the trademark owner of “enaira”:
‘The document titled: “Infringement of Trademark & Violation of Corporate Name cease and desist Notification to the Central Bank of Nigeria,” signed by Olakule Agbebi Esq for Olakule Agbebi & Co., was reportedly sent to the apex bank, warning it to cease the use of the eNaira name. The notice, which was sent on behalf of “ENAIRA PAYMENT SOLUTIONS LIMITED (RC 508500)” said the company has been incorporated since 7th April 2004, registered in class 36 and class 42.’
Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025) opens registrations; register today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
May I tell the apex bank that if it wants to work with our startup on mNaira that we are open for a mutual discussion. Our portfolio firm owns that trademark and can explore how to help the bank here.
CBN Postpones the Launch of E-naira – What Could Have Happened?
---
Register for Tekedia Mini-MBA (Feb 10 - May 3, 2025), and join Prof Ndubuisi Ekekwe and our global faculty; click here.