Banking
Less than 1 min.Read

CBN Plans Digital Currency by October 1, 2021

Business Journal
By Business Journal

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
spot_img
spot_img

Hot this week

Business

Nestlé, Guinness, FMN, Aren Paper, Others Back Sustainability Pledge at Africa Forum

0
L - R: Chika Onuh-Nnamdi, Manager - ESG, Sustainability &...
News

AI-Generated Voters Register: SERAP Alleges INEC Manipulation, Seeks Probe

0
The Socio-Economic Rights and Accountability Project (SERAP) has urged...
Economy

Nigeria’s Difficult Reforms Strengthen its Investment Outlook

0
Nigeria has risen seven places to 11th in RMB’s...
Banking

Ecobank Rewards Young Innovators with N22m at InnovateX Hackathon Grand Finale

0
L-R: Chief Information Officer, Ecobank Nigeria, Adebanke Oladejo; Team...
Banking

Stanbic IBTC Bank Nigeria PMI: Strong New Order Growth Sustained in October

0
The fourth quarter of 2026 began much as the...

Topics

ICT

NCC: Broadband Plan Key to Digital Economy

0
L-R: Abubakar Maina, Project Director, Broadband Implementation Steering Committee...
Economy

Adeosun: PPP Model to Drive Infrastructure Plan

0
The Minister of Finance, Mrs. Kemi Adeosun said at...
ICT

NCC Pegs 5G Reserve Price at N75bn as Stakeholders Applaud Process

0
The Nigerian Communications Commission (NCC) has fixed the sum...
Events

Business Journal 10th Anniversary Pix

0
L-R:  Prof. Akpan Ekpo, Director-General, West African Institute for Financial...
Aviation

Cabo Verde Airlines Increases Baggage Allowance for West African Markets

0
In order to respond to West African market requests,...
Economy

The Impact of Low Oil Prices on sub-Saharan Africa

0
Growth picked up in sub-Saharan Africa in 2014, after moderating in 2013, but remained weaker than during the pre-crisis years. It softened around the turn of the year owing to headwinds from the plunge in the price of oil. Sub-Saharan Africa’s oil exporters, which account for nearly half of the region’s aggregate output, have been hit hard by the sharp decline in the price of oil. From June 2014 to January 2015, oil prices fell by nearly 50%, and have remained low despite the recent uptick.
Industry

RE: NPA, BIDDERS AT WAR OVER CARGO SURVEY

0
The Management of the Nigerian Ports Authority (NPA) renounces...
Banking

Stanbic IBTC Continues to Impact Lives via CSI Initiatives

0
Stanbic IBTC Holdings PLC, a member of Standard Bank...
spot_img

Related Articles

Popular Categories

BankingInsuranceBusinessIT & TelecomNewsEnergyICT
spot_imgspot_img
Previous article
5 Top Reasons to Attend Titans of Tech 2021
Next article
Oriental Energy Resources Names Mustafa Indimi as New MD