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IMF OFFERS TECHNICAL ASSISTANCE TO CBN ON eNAIRA

The International Monetary Fund, IMF, yesterday, said it will provide technical assistance and policy advice to the Central Bank of Nigeria, CBN, on the evolution of the eNaira.The IMF stated this in a report, titled, “Five Observations on Nigeria’s Central Bank Digital Currency”, stressing that while the e-Naira has the potential for financial inclusion and… Continue reading IMF OFFERS TECHNICAL ASSISTANCE TO CBN ON eNAIRA

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CBN SAYS eNAIRA IS MORE RELIABLE THAN CRYPTOCURRENCY

The Central Bank of Nigeria (CBN) has urged all Nigerians to embrace the eNaira saying that it is more reliable than cryptocurrencies.This was disclosed by CBN spokesman, Mr Nnamdi Okwuosa at the CBN Fair, with the theme, ‘Promoting financial stability and economic development.’ DCO Global News Published on November 3, 2021 By Odoh Dominic ChukwuemekaThe… Continue reading CBN SAYS eNAIRA IS MORE RELIABLE THAN CRYPTOCURRENCY

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CBN WARNS NIGERIANS ABOUT FAKE eNAIRA SOCIAL MEDIA HANDLES

The Central Bank of Nigeria’s attention has been drawn to criminal and unlawful acts by some persons, as well as a phoney Twitter handle, @enaira_cbdc, purported to belong to the Bank.This was disclosed in a circular titled “Beware of Fraudsters, Fake eNaira Social Media Handles” signed by Osita Nwanisobi Director, Corporate Communications.DCO Global News Published… Continue reading CBN WARNS NIGERIANS ABOUT FAKE eNAIRA SOCIAL MEDIA HANDLES

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CBN’S E-NAIRA TO GROW NIGERIA’S GDP BY $29BN IN 10YRS — SAYS BUHARI

President Muhammadu Buhari says the adoption of Central Bank Digital Currency(CBDC) can increase Nigeria’s Gross Domestic Product(GDP) by 29 billion dollars over the next 10 years.Buhari made this submission on Monday while performing the formal Unveiling of Central Bank of Nigeria (CBN) Digital Currency, eNaira at the Presidential Villa, Abuja.DCO Global News Published on October… Continue reading CBN’S E-NAIRA TO GROW NIGERIA’S GDP BY $29BN IN 10YRS — SAYS BUHARI

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CBN INTRODUCES E-NAIRA APP, MERCHANT WALLET

The Central Bank of Nigeria has finally launched its Central Bank Digital Currency called eNaira on Monday.The eNaira was scheduled to be launched on October 1, 2021, but was moved due to a clog of activities billed for Nigeria’s 61st anniversary celebrations.DCO Global News Published on October 25, 2021 By Odoh Dominic ChukwuemekaThe Digital Currency… Continue reading CBN INTRODUCES E-NAIRA APP, MERCHANT WALLET