e-Naira to be treated as a critical national infrastructure

- Advertisement -

ABUJA (CU)_Amid growing interest in cryptocurrencies across the globe, many governments have begun paying more attention to the industry, with some countries looking at criminalising the possession and trading of these digital assets, while others consider the possibility of launching their own digital currencies. The government of Nigeria is among the latter group, with the Central Bank of Nigeria (CBN) having proposed the launching of an e-Naira, which is expected to be designed by the apex bank and distributed through regulated financial institutions.

Accordingly, a document recently obtained by THISDAY has offered more insights into the digital money regime, including the federal government’s intention to treat the currency as a critical national infrastructure. According to the Nigerian national newspaper, the CBN is set to introduce…

Hot this week

Crop Losses in Africa Deepen Food Insecurity: A Growing Crisis

Facing a deep crisis in crop loss across Africa,...

Sri Lanka Imposes Tough New Penalties on Illegal Fishing as Tensions Over Indian Vessel Incursions Persist

(Commonwealth of India)—As frustration continues over repeated incursions by...

UK Sees First Rise in Clinical Trial Applications After Years of Decline

(Commonwealth_Europe) Despite years of concern about the UK's decline...

Hundreds of Plants Blooming in UK Winter: A Stark, Visible Signal of Climate Breakdown

Across the United Kingdom this winter, an astonishing number...

Corrected Data Shows Rapid Arctic Snow Loss as Improved Satellites Misled Climate Records

Over the years, advances in satellite technology made it...
- Advertisement -

Related Articles

- Advertisement -sitaramatravels.comsitaramatravels.com

Popular Categories

Commonwealth Union
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.