Why Nigeria needs digital currency – CBN

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 12%
  • Publisher: 63%

The Central Bank of Nigeria has explained the economic implications and importance of a centralised and regulated digital currency in Nigeria.

Nigeria Headlines News

Nigeria Latest News, Nigeria Headlines

The apex bank had earlier revealed that it would be launching e-naira, a digital equivalent of the naira in October, in line with global trends.

Muhammed spoke virtually at the Third Quarter Industry Forum of the Committee of E-business Industry Heads held in Abuja on Wednesday. She said, “If people adopt more of the usage of the e-naira, then we will be able to have more data to formulate better macroeconomic policies. “Of course payment efficiency, even though we know that Nigeria has one of the best payment systems in the world, we will still be able to improve on that.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

😂😂..

They are making it sound as if they just discovered a new way to slice bread. Is it not this same concept the youths have been using for years and you got jealous because they were getting rich and can challenge your political godfathers deep pockets.

Everything listed in the article The digital currencies you banned has already been doing.... Make we see Sha.. Hope it helps the economy

Hahahahaaaa Never Allow Igbos Rule Again(NAIRA) has collapsed hahahahaaaa

SHITCOIN

Without digital currency you are already arresting everybody you see with laptop . Trying to initiate digital currency so that Chinese will manage it ? You are not even ready to secure phones from being hacked. Cyber security is zero !! Worse than the physical, This is a joke

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FG: Why Nigeria Has Not Endorsed OECD’s Proposal on Digital EconomyNdubuisi Francis and James Emejo in Abuja The federal government yesterday gave reasons why it withheld its endorsement to the Organisation for Economic Cooperation and Development’s (OECD) propose…
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

BBNaija S6: Why I miss JMK – Cross - Punch NewspapersBig Brother Naija Shine Ya Eye housemate, Cross, has stated that he misses JMK because she doesn’t have any issues with anyone.
Source: MobilePunch - 🏆 8. / 63 Read more »

Biafra: Why Nnamdi Kanu will defeat Buhari govt at ICC soon - IPOBThe Indigenous People of Biafra, IPOB, on Tuesday said its leader, Nnamdi Kanu would defeat the Nigerian government at the International Criminal Court, It's like you people hv lost ur sense of humor. Hmmm very negative thoughts. This ICC scam again 😄😄 Good as dey went to ICC. With all proofs dat we hv on him and his terrorist group, we shall see who ICC will hammer....
Source: DailyPostNGR - 🏆 11. / 59 Read more »

BBNaija: Why I picked Cross as deputy HOH - EmmanuelBig Brother Naija season 6 housemate, Emmanuel has revealed why he picked Cross as the deputy head of house. Emmanuel, Liquorose and Cross on Monday
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Only Buni knows why Fani-Kayode was allowed into APC - El-RufaiGovernor Nasir El-Rufai of Kaduna State has stated his position on the defection of former Aviation Minister, Femi Fani-Kayode to the All Progressives Buni is trying to destroy the party, before he leave as caretaker committee chairman. The reason for him to bringing traitors Into the party only knowingly to him
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Why FG declared South-east as ‘red zone’ – Governor Umahi“The declaration of the south-east as a red zone by these (federal) ministries means that what is due to us would be difficult to come.” Nigeria itself is already a red zone That's why naira is dying everyday Because Hostages of BokoHaram for OIL IGBOS LAND. MBuhari You die Terrorist in IntlCrimCourt for crimes against Humanity
Source: PremiumTimesng - 🏆 3. / 78 Read more »