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CBN Postpones The Launch Of Nigeria’s First Digital Currency, eNaira

E-Naira

As Nigerians await the launch of the country’s first-ever digital currency dubbed the eNaira, which was scheduled to be unveiled tomorrow, 1st of October, 2021, the country’s apex bank, the Central Bank of Nigeria (CBN) has announced today, Thursday, September 30th, 2021, that the planned launch of the eNaira will no longer hold tomorrow, as a new date will be announced in due course.

The launch of the nation eNaira has generated a lot of excitement among the citizens who were all looking forward to October 1 as they were eager to get on board and enjoy the new initiative by the CBN. The postponement will definitely come as a huge disappointment as they have to wait for a later date which is yet to be announced by the apex bank.

In the statement released by the CBN and was signed by the Director of Communications, Osita Nwasinobi, The apex bank explained that although they thought that merging the launch of the new digital currency with the 61st Independence Day celebration of Nigeria would be a perfect climax, they went back on that decision  “in deference to the mood of national rededication to the collective dream of One Nigeria.”

The statement titled, “CBN defers eNaira launch to mark Independence Anniversary”, read in part:

“Ahead of the anticipated launch of Nigeria’s Central Bank Digital Currency, known as eNaira, the Spokesman of the Central bank of Nigeria, Mr. Osita Nwanisobi, says the planned unveiling on October 1, 2021, has now been deferred due to other key activities lined up to commemorate the country’s 61st Independence Anniversary.”

While assuring that there was no cause for alarm, Nwasinobi said the CBN and other partners were working round the clock to ensure a seamless process that will be for the overall benefit of the customer, particularly those in the rural areas and the unbanked population.

However, Nairametics has gathered that the unexpected traffic to the eNaira website forced the management of the CBN to go back to the drawing board as the surge was unexpected. According to the economic website,

“An unanticipated surge in visits on the website of the Central Bank’s eNaira initiative has led to the sudden postponement of the launch of the apex bank’s digital currency dubbed “eNaira.” The surge led to a recalibration of the number of potential users, which the bank now believes could be ten times more than earlier expected soon after the launch. The bank, therefore, decided to postpone the launch in order to recheck and retest the robustness, safety, scalability and security of the eNaira system.

“The eNaira website recorded about 480,000 hits the first day it went live. The visits grew to over 1.7 million the next day and has averaged over 2.8 million hits daily since then. Apart from attracting hits, the website has also recorded a surge in usage with the time spent on the site generating content of over 80 GB daily. Nairametrics understands this required that the apex bank conduct another stress test on its systems to ensure it is capable of withstanding a further surge in traffic when they go live.

“The apex bank seems to have learnt from the botched launch of Obamacare which was coincidentally launched on the 1st of October 2013. Back then, the website was unable to consistently handle 500 users at once in the testing phase, and tests failed with 2,000 users over a three-day period, according to a Reuters report at the time. Engineers conducted performance tests just before launch and the results pointed to capacity issues that could affect a smooth experience on the launch date. Yet they proceeded, embarrassing President Obama.

“To sidestep a similar fate, Nigeria’s central bank decided to postpone the launch until they have assurances that their system has the right capacity to withstand a surge in visits.”

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Entertainment

Bovi To Replace IK Osakioduwa as hosts for 12th edition Of AMVCA, Ending 11-year Run

After eleven consecutive editions under the same host, the Africa Magic Viewers’ Choice Awards is changing the face of its stage.

The organisers have announced Nigerian comedian and actor Bovi Ugboma and South African actress Nomzamo Mbatha as co-hosts for the 12th edition, scheduled for May 9, 2026, at the Eko Hotel and Suites in Lagos, bringing to a close IK Osakioduwa’s unbroken run as the face of the ceremony since its debut in 2013.

Osakioduwa has been a fixture of the AMVCA since the awards launched, hosting every edition across more than a decade. His departure from the role marks the most significant change to the ceremony’s presentation since its inception.

In his place steps Bovi, one of Nigeria’s most recognised stand-up comedians, known for his sharp wit, storytelling, and stage command. Joining him is Nomzamo Mbatha, whose profile extends well beyond the screen. The actress, producer, and UNHCR Goodwill Ambassador gained international recognition through her role in Coming 2 America and currently stars as Queen Nandi in the acclaimed epic drama series Shaka iLembe, for which she also serves as Executive Producer.

The organisers described the pairing as “a master of wit and narrative, and a global icon of screen and advocacy,” promising a night where “mastery meets African excellence.” Bovi, speaking on his appointment, made clear he understands the significance of the occasion.

“The AMVCA stage is one of the biggest in Africa, and I don’t take that lightly,” he said. “I want to bring the energy, the laughs, and the magic that this night deserves. African storytelling is at an all-time high, and it’s an honour to be the one holding the mic while we celebrate the best of it.”

Veteran actress Joke Silva has been named head judge for the 12th edition.On the nominations front, Gingerrr and The Herd lead the pack with nine nods each across acting, directing, and technical categories. To Kill A Monkey follows with eight nominations, while My Father’s Shadow, from the Davies brothers, earned seven across various categories.

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Celebs

One Half Of The Estranged Duo P-Square Declares Nov 30 as his new birthday

Mr P has officially moved his birthday celebration from November 18 to November 30, adding a new layer to the ongoing P-Square family feud. What began as a social media declaration has now been formalised. A few hours after announcing his intention to change his birthday date, Peter Okoye, known professionally as Mr P, has issued an open letter confirming that November 18, the date he has shared with his twin brother Paul Okoye since birth in 1981, is no longer his day of celebration.

“Dear Family, Friends, and Fans,” the post read. “I’m making it official. November 18th is no longer my birthday celebration date. Please note that I will not be accepting any messages or gifts on that day. My birthday will now be celebrated on November 30th. This is a personal decision, and I truly appreciate your understanding.”

The message is brief, but its implications are quite clear. November 18 has long been one of the last remaining public symbols of a shared identity between two brothers whose professional and personal relationship has deteriorated sharply over the past several years.

By formally reassigning the date, Peter is drawing a line that goes beyond creative differences or business disputes.

The reaction from Nigerians online has been largely sceptical.

Many have questioned the necessity of the gesture, with a significant number describing it as petty and unnecessary given the more substantive issues that have defined the brothers’ current estrangement.

The consensus among critics is that changing a birthday date does little to resolve any of the actual grievances and serves mainly as a public statement of severance.

The feud between Peter and Paul Okoye has now spanned multiple years, two official splits, a brief reunion, and a growing list of public accusations on both sides. November 30 is still months away. To see if the gesture will land as true liberation or just pettiness may depend entirely on where things stand by then.

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I Took Over From Myself’: Tinubu’s Claims that He and Buhari Are ‘One’

President Bola Tinubu addressed supporters on Wednesday night in a video that was equal parts pep talk and provocation, but it was one particular line that cut through everything else and set social media alight.

Speaking to the leadership and coordinators of his Renewed Hope Ambassadors, Tinubu pushed back against the criticism that his administration inherited and worsened an already broken economy.

His defence took an unexpected turn. “This economy, I didn’t have to look back because the truth is, I took over from myself,” he said. “The late Buhari is me, he was a partner, if I took over from him, is that not from myself? So, it’s wrong? Fine. Live with it, correct it, move on.

Nigerians online did not move on, at least not immediately. The comment, which appeared to collapse the distinction between his administration and Muhammadu Buhari’s, drew a flood of reactions ranging from genuine bewilderment to sharp mockery.

For critics who have spent two years arguing that Tinubu’s government is a continuation of the same policies that drove Nigeria into economic hardship, the president had essentially handed them their argument in his own words.

The broader address, shared to his official page at 10:38 pm alongside a roughly ten-minute video, was deliberately combative.

Tinubu took aim at the opposition, dismissing the recently held ADC convention as “a street convention” and its energy as mere “rascality.”

He warned that his government would not yield to noise or disobedience of court orders, while also promising supporters that standing with him would not be a decision they would regret.

At one point, he told the ambassadors, “That is why we have told you to renew their hope”, drawing laughter from the audience. He added that for those unwilling to embrace the hope on offer, they would simply provide “eyeglasses.” It was the kind of line that plays well in a room full of loyalists and poorly everywhere else.

The overall message he tried to convey was that he would not be retreating, would not be apologising, and was not particularly interested in critics.

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