Nigerian Federal High Court has joined the increasing number of regulatory bodies around the world to endorse the introduction of digital currencies (CBDCs) by the central banks as legal tender. The digital currency, eNaira will be issued and supported by a local eNaira wallet.

Nigeria’s CBDC issuance approval was revealed in a federal court hearing held on October 2 led by Justice Taiwo Abayomi Taiwo, according to a ReportVoice of Nigeria. The official eNaira website says that the digital version of the Nigerian naira will be made available universally, stating “anybody can hold it.”