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President Buhari Unveils Nigeria’s First Digital Currency, eNaira

enaira

President Muhammadu Buhari has formally launched Nigeria’s first digital currency, known as the eNaira, yesterday, Monday, October 25, 2021, at the State House, Abuja.

The President, alongside the governor of the Central Bank, Mr. Godwin Emefiele, unveiled the first Nigerian Central Bank Digital Currency (CBDC), in the State House, Abuja. Also present at the unveiling was the Vice-President, Prof. Yemi Osinbajo, among others.

The new electronic version of the nation’s local paper currency has been officially launched for use by the public. It is designed to hold equal value with the paper currency and will be issued by the CBN. The eNaira is not intended to replace cash but will function as a safe and efficient alternative means of payment.

It is also understood that the currency is far different from being a cryptocurrency as it is being regulated and therefore subject to banking laws. They are issued by a central authority and are therefore trusted by traders.

eNaira

The Central Bank of Nigeria (CBN) had released a statement on Saturday, October 23, 2021, prior to the launch. The statement was signed by the apex bank Director, Corporate Communications, Osita Nwanisobi.

Read Also: CBN Reveal Guidelines For Launching eNaira Digital Currency Wallet

It indicated that the digital currency which will be launched with the theme, “Same Naira, More Possibilities” will  “advance the boundaries of payments in order to make transactions easy and seamless for every stratum of the society.”

It would be recalled that the CBN had initially scheduled the launch of the CBDC to coincide with the country’s independence day celebrations on October 1 but eventually postpone the event indefinitely in a statement by the apex bank’s spokesman, Osita Nwanisobi.

The eNaira is said to be the first of its kind in Africa and Nigeria is one of the five countries in the world that have their own CBDC. Speaking at the unveiling ceremony on Monday, Mr. Emefiele said:

“The eNaira will make a significant positive difference to Nigeria and Nigerians including supporting a resilience-payment system ecosystem, encouraging rapid financial inclusion, reducing the cost of processing cash, enabling direct and transparent welfare interventions for our citizens, increasing revenue and tax collection, facilitating diaspora remittances into Nigeria, reducing the cost of financial transactions and improving the efficiency of payment in Nigeria.”

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Asake’s ‘Mr Money With the Vibe’ Is Charting Top 50 On Spotify

Three years after its release, Asake’s Mr Money With the Vibe is still doing numbers. At the time of press, the track ‘Nzaza’ currently ranks 23rd on Spotify Nigeria’s Top 50 songs, that’s 148 weeks and counting, nearly three years of nonstop streaming for a debut project.

For most artists, a first album fades after its moment. For Asake, it’s really that moment that refuses to fade.

Released September 8, 2022, through YBNL Nation and Empire, Mr Money With the Vibe arrived when the streets already knew Asake’s name. He had already spent months turning singles like Sungba into hits. This 12-track debut built on that momentum, and he managed to do even more.

The project blends Afrobeats, Amapiano, and Fuji influences, creating a sound that can be global yet deeply Nigerian. Songs like Joha, Terminator, and Organise became instant hits, setting the tone for Asake’s larger-than-life run that would define Afrobeats in the mid-2020s.

From its first day out, Mr Money With the Vibe shattered expectations and redefined what a Nigerian debut could do.

Apple Music Africa: The album broke records for the most first-day and most opening three-day streams ever by an African project.Apple Music Nigeria Top 100: For a brief, almost unbelievable stretch, every single track on the album occupied the first 12 spots on the chart. Global Reach: The project reached #1 on Apple Music Album Charts in 26 countries, including six across Europe.

Albums fade, trends change, and new stars rise every quarter. Yet Mr Money With the Vibe remains glued to the top. That consistency says something about both Asake and his audience. For one, the project captured a moment in time, the rise of a new street-pop generation that blurred the lines between amapiano and Yoruba-rooted rhythm. Every track carried Asake’s trademark vocals and a hypnotic tempo that became instantly recognizable across countries.

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Wizkid’s Son Enters the Spotlight with Debut EP ‘Champion’s Arrival’

Boluwatife Balogun, the 14-year-old son of Afrobeats titan Wizkid, has finally launched his own music career. Now known by the stage name “Champz”, the young star has just unveiled his first-ever project. The much-anticipated five-track EP, titled Champion’s Arrival, dropped on Tuesday, November 11, instantly sparking fresh buzz on the internet.

Champz himself took to his social media channels to confirm the news via a post that read: “11/11: The Champion has arrived. My debut EP ‘Champion’s Arrival’ is Out Now on all streaming platforms!”

The debut project serves nothing near his father’s iconic Afropop sound as Bolu’s sound is strictly a heavy dose of Rap, Afroswing, and Trap. Early snippets, which went viral weeks ago, showcased a lyrical flow and a smooth, polished composure that belies his tender age.

Fans can now stream the full project across all major digital platforms, including Spotify, Apple Music, YouTube Music, and Audiomack. Champz is signalling his readiness to step into the fiercely competitive Nigerian music scene. The game has a new player.

This is not merely a son following his father; it is a destiny playing out in real time.

Wizkid also began his journey at a tender age, starting in a church choir and later releasing his first collaborative album at just 11 years old under the name ‘Lil Prinz

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Incumbent Anambra Governor Charles Soludo Wins Anambra Election

Charles Soludo

Governor Chukwuma Soludo has secured a return to office after the Independent National Electoral Commission (INEC) declared him the winner of the November 8, 2025, Anambra State governorship election. The results announced by the electoral umpire showed that the incumbent governor recorded a landslide victory, sweeping all the 21 local government areas of the South-East State. In the early hours of Sunday, November 9, the State Returning Officer and Vice Chancellor of the University of Benin, Professor Omoregie Edoba, declared Soludo the winner of the exercise after collating results from the state’s local government areas.

“I hereby declare that Soludo Chukwuma Charles of the APGA, having satisfied the requirements of the law, is hereby declared the winner and is returned elected,” Edoba said.

The final tally showed that the All Progressives Grand Alliance (APGA) candidate garnered 422,664 votes, pulverising his closest challenger, the All Progressives Congress (APC) flag-bearer, Nicholas Ukachukwu, who polled 99,445 votes.

Paul Chukwuma of the Young Progressives Party (YPP) came a distant third with 37,753 votes, while John Nwosu of the African Democratic Congress (ADC) scored 8,208 votes.

Labour Party’s George Moghalu and his Peoples Democratic Party (PDP) counterpart, Jude Ezenwafor, scored 10,576 votes and 1,401 votes, respectively. Peter Obi, a former Governor of the State and Labour Party’s presidential candidate in 2023, couldn’t bring his popularity to bear in the election.

Obi, who had spearheaded Moghalu’s campaign, not only failed to secure a victory for his preferred candidate at his polling unit, but the Labour Party’s total votes of 10,576 also fell way short of expectations.

Results from Polling Unit 019, Umudimakasi, Amatutu village, where Obi voted, showed that the APC recorded 73 votes, defeating the Labour Party, which polled 57 votes.

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