CBN inaugurated the eNaira on October 25, 2021, to make financial transactions easier and seamless.
The INEC chairman said this change was to ensure that electoral processes are centred on the bases of a free and fair system.
“It is unfortunate; what happened has never happened before. Normally the federation takes the money and pays to the player in cash.”
The apex bank’s Monetary Policy Committee, however, retained all other parameters.
Some of the experts urged the apex bank to conduct extensive research on the economy before coming out with its parameters.
From N588 per dollar on May 8, to N610, the naira has depreciated against the dollar over the past two weeks
CBN consultant on e-naira disclosed that the N5, N10, and N20 notes which have been weakened by the declining purchasing power of the naira will soon be out of circulation.
The dip represents 0.18 depreciation having exchanged at 418.50 per dollar on Tuesday.
Mr Ajayi said their refusal to pay back the loans have made it difficult for others to access the loan.
![CBN Governor, Godwin Emefiele. [CREDIT: Bloomberg]](https://gazettengr.com/wp-content/uploads/CBN-Governor-Godwin-Emefiele.jpg)
The Securities and Exchange Commission (SEC) has released a new set of rules to guide digital assets traders and investors in Nigeria.
