Monday, November 10, 2025
32.8 C
Lagos

CBN Plans Digital Currency by October 1, 2021

The Central Bank of Nigeria (CBN) will unveil its digital currency on October 1, 2021 under the code name ‘Project GIANT.’
Mr. Godwin Emefiele, Governor, Central Bank of Nigeria, had earlier promised to deliver a digital currency to the Nigerian financial system.
Emefiele says the initiative will target remittance management, financial inclusion, revenue collection, payment efficiency and also ensure effective monetary policy management etc.

spot_img
spot_img
spot_img

Hot this week

Nigerian Stocks Present Buying Opportunities as Market Sheds N2.8trn

Nigeria's equities market closed last week ending November 7...

ICPC Chair, Musa Aliyu, to Deliver Realnews 13th Anniversary Lecture 2025

Dr. Musa Adamu Aliyu (SAN) Chairman ICPC THE Management of Realnews Magazine...

Our Laws Now Stronger, More Effective to Prosecute Parties at Fault in Bank Failure – NDIC Boss

COURTESY VISIT: Managing Director/CE, Nigeria Deposit Insurance Corporation (NDIC),...

Fidelity Bank Champions Support for the Elderly

L-R: Igwe Quincy Chibuike, Team Member, Prolific Inductees Class...

Fidelity Bank Partners NCF, Lagos State to Promote Responsible Waste Management

L-R: Area Manager, Policy, Government and Public Affairs (PGPA),...

Topics

NIIRA Act: Continental Re ED Technical, Akwiwu, Emphasises Strong Governance in Insurance Firms

L-R: Chairman, Retreat Planning Committee, Oluwamuyiwa Aderibigbe and Executive...

STACO Insurance CEO, Wale Banmore, Charges Staff to Drive Corporate Growth in 2024

Dr. Wale Banmore, the Managing Director/CEO of STACO Insurance...

IFC Invests $2bn on Power Generation in Africa

The International Finance Corporation (IFC), an arm of the World Bank Group, says it has mobilised and invested over $2 billion to support more than 1, 5000 megawatts of new generation capacity in Africa in the past two years. It says Africa needs to increase its power generation capacity by 7, 000 megawatts each year to meet rising demand for electricity in a continent where most people live without electricity lamenting that such gap hinders economic growth and deters much-needed foreign investment. It says that expanding the supply of energy has become an imperative that cannot be delayed in Africa.

9mobile Appoints John Vasikaran as Chief Operations Officer 

9mobile has announced the appointment of John Vasikaran as...

Nigerians Should Expect N2000 to $1 Exchange Rate in 2025

Cheta Nwanze, Founder of SBM Intelligence says Nigerians (individuals...

AIICO Celebrates Retiring Employees: Honouring Decades of Service with Gratitude

Left - right: Adeleke Adeshina (rtd), Lanre Oladehinde (rtd.),...

Leadway Assurance: ‘Nigerians Should Buy Term Life Assurance Policy’

Ms. Adetola Adegbayi, Executive Director, Leadway Assurance Company Limited...

Deutsche Bank Awards Ecobank Nigeria with Client Excellence Award

Ecobank Nigeria, an affiliate of Ecobank Group, has been...
spot_img

Related Articles

Popular Categories

spot_imgspot_img