ECONOMISTS have faulted the Central Bank of Nigeria’s digital currency. They said the apex bank has no business in retail banking and the currency lacked value. This is following a recent working paper released by the International Monetary Fund which revealed that the eNaira’s adoption was disappointingly low one year …
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The Central Bank of Nigeria (CBN) has introduced a digital currency called e-Naira to Nigerian tertiary institutions to enable members of the academic environment to offer better payment prospects in retail transactions when compared to cash payments and to enable students to pay their school fees through e-Naira. The Branch …
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A former presidential aspirant of the All Progressives Congress in the 2019 elections, Chief Charles Udeogaranya, on Monday, warned the Federal Government not to proceed with the new naira notes before the 2023 general election. Udeogaranya, who gave the warning in a statement issued in Abuja, said the move …
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The Central Bank of Nigeria on Thursday announced the postponement of the planned unveiling of the digital currency, e-Naira. The launch was initially scheduled for October 1, but was postponed due to other activities lined up to commemorate the country’s 61st Independence Anniversary. The apex bank’s Director of Communications, Osita …
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