As the Central Bank of Nigeria sets to launch the E-Naira on October 1st, 2021, the question everyone is asking is; are we ready for this bold move? Nigeria will be the 1st SubSaharan African country to adopt the use of digital currency and there have been concerns about the technology and its adoption.
The Committee of E-Banking Industry Heads (Cebih) in its 3rd Quarter Industry Forum discussed the digital currency’s adoption with the theme “Digital Currency and the Prospects of Central Bank Digital Currency in Nigeria”, held in Abuja on Wednesday 22 September 2021. Varying concerns such as the technology, adoption, financial inclusion, the impact on forex, and the value of the CBDC were discussed. Continue reading
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