The last Article IV Executive Board Consultation was on January 31, 2022. Listed below are items related to Nigeria.

Country News

Nigeria’s new central bank digital currency, the eNaira, is expected to increase financial inclusion and facilitate remittances but potential risks will need to be managed. (photo: Andre M. Chang/ZUMAPRESS/Newscom)

Nigeria’s new central bank digital currency, the eNaira, is expected to increase financial inclusion and facilitate remittances but potential risks will need to be managed. (photo: Andre M. Chang/ZUMAPRESS/Newscom)

Five Observations on Nigeria’s Central Bank Digital Currency

The Central Bank of Nigeria (CBN) officially launched the “eNaira”—a central bank digital currency (CBDC)—on October 25, 2021.

Read the Article

At a Glance

  • 2022 Projected Real GDP (% Change) : 3.4
  • 2022 Projected Consumer Prices (% Change): 16.1
  • Country Population: 216.747 million
  • Date of Membership: March 30, 1961
  • Article IV/Country Report: February 9, 2022
  • Outstanding Purchases and Loans (SDR): 2454.5 million (March 31, 2022)
  • Special Drawing Rights (SDR): 3792.77 million
  • Quota (SDR): 2454.5 million
  • Number of Arrangements since membership: 5

Country Data

See All Documents