The gold “Mosi-oa-tunya” coins, named after Victoria Falls, contain one troy ounce of gold and can be converted into cash and traded.
The forum called for the review of the Petroleum Refining Regulations of 1974 and other relevant laws to accommodate the establishment of artisanal refineries.
An Awka Division of the Federal High Court has
ruled that the cashless policy of the Central Bank in southern states is discriminatory.
![CBN Governor, Godwin Emefiele. [CREDIT: Bloomberg]](https://gazettengr.com/wp-content/uploads/CBN-Governor-Godwin-Emefiele.jpg)
The World Bank’s projection comes as Nigeria strives to recover from the multiple recession that hit the country in 2016 and 2020.
The official said another reason the apex bank plans to come up with digital currency is to make remittances travel easier from abroad to Nigeria.
Bandits have kidnapped more than 700 schoolchildren since December.
Mr Emefiele explained that an increase in the MPR will translate to an increase in the cost of borrowing.
Prominent Nigerians have asked the CBN not to outrightly ban cryptocurrencies.
“BVN is a policy of a bank and has not been established by law. NIN is the only mandatory number.”
