CBN holds crucial meeting ahead of e-Naira launch Monday
Ahead of the official launch of the e-Naira on Monday, the Central Bank of Nigeria (CBN) held a crucial meeting on Saturday, top officials told Peoples Gazette.
The Gazette learnt that those present at the meeting were the CBN Governor Godwin Emefiele and executives from the apex bank’s monetary policy, operations compliance, corporate communications and other departments.
Sources said the meeting was to put final touches on the e-Naira ahead of the launch on Monday, after criticisms that trailed the suspension of the initial launch on October 1.
Nigerians had expressed optimism the digital currency would be launched on October 1, before CBN announced its suspension hours before Independence Day celebration.
Spokesperson for the CBN, Osita Nwanisobi, had at the time said the suspension of the digital currency launch was to allow other events slated for the day to take place.
The CBN had earlier listed benefits of the e-Naira to include cross-border trade facilitation, financial inclusion, monetary policy effectiveness, improved payment efficiency, revenue tax collection, remittance improvement, and targeted social interventions.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Economy
Redi-Bag USA, CEO to pay $7 million over evaded customs duties allegation
Redi-Bag USA and Mr Rabiea allegedly misrepresented on customs entry forms that the country of origin of the PRCBs was Hong Kong, thus evading anti-dumping duties.
States
ADC mourns Amaechi’s mother
The African Democratic Congress expressed condolences to its vice-presidential candidate, Rotimi Amaechi, following the death of his mother, Mary Amaechi.
Economy
RMRDC to boost research culture, drive diversification
RMRDC says it aims to fuel innovation, industrial growth and economic diversification by overhauling its research culture template.
States
Police say bandit attacks foiled in Sokoto
The police command in Sokoto says it has foiled several bandit attacks, neutralised scores of criminals and recorded significant successes against violent crimes across the state.
Africa
Nigeria, Côte d’Ivoire seek stronger bilateral cooperation
Nigeria and Côte d’Ivoire have agreed to review existing bilateral agreements, assess their implementation and explore new areas of cooperation.
Abuja
Former VP Osinbajo explains how Nigeria can move forward
The former vice-president added that the greatest legacy in leadership was not what was accumulated but what was contributed to make life better for all.
