CBN To Introduce Digital Currency In Nigeria

The Central Bank of Nigeria (CBN) will soon introduce digital currency in the country.

According to CBN, it is planning to introduce digital currency before the end of 2021.

Rakiya Mohammed, Director, Information Technology Department of the CBN, disclosed this on Thursday.

Speaking at the end of the 306th Bankers’ Committee Meeting in Lagos, Mohammed said the currency would be accessible to all Nigerians.

Nigerians express divergent views on creation of Oduduwa Republic, Fadaka currency

She said: “Before the end of the year, the Central Bank will be making a special announcement and possibly launching a pilot scheme in order to be able to provide this kind of currency to the populace.

“The CBN is exploring the possibility of issuing digital currency.

“In Nigeria, we’ve the notes and coins, so the CBN Digital Currency is meant to be a form of fiat money. It’s going to complement the coins and notes that we have.

“Having the CBN Digital Currency that’s backed by the government is good for the digital economy.”

The CBN chief added that the move would boost financial inclusion and deepen access to financial services in Nigeria.

ADVERTISE HERE
Do you find Naijafinix Blog Useful??

Click Here for Feedback and 5-Star Rating!

CLICK HERE TO COMMENT ON THIS POST

A Must Watch:- "Biafra - Nigeria"

Follow Us on Social Media:


We make sure we keep you updated with all Latest Songs, News, Trending Gists, & lots more here on Naijafinix.com. Don't forget to Check back later, for more updates or Kindly Call Us Now to request any song of your choice!!!
9jaflaver, connectloaded, xclusiveloaded, justnaija, naijaloaded, naijavibes, froshnaija, mp3bullet, 9jarocks, fzmovies, netnaija, thenetnaija, o2tvseriesz, seriezloaded, connectloaded, trendybeatz, genius, topcityvibe, legit9ja, wiseloaded, pinterest, natirovibe, wiseloaded, tooxclusive, praisezion, qoret, naijafinix, notjustok, 36ng, powerofnaija

UPLOAD & PROMOTE YOUR SONGS HERE
+2348133393353, +2349043027824
CLICK HERE TO REQUEST ANY SONG

NAIJAFINIX TOP 10 SONGS

"Celebrate"
Zuezilmoney

"Love Cycle (Remix)"
Enisa Ft Davido

"Forever (Remix)"
Gyakie Ft Omah Lay

"Somebody Baby"
Peruzzi Ft. Davido

"A Better Time"
Davido

"Abule"
Patoranking

"If You No Love"
Chike Ft Mayorkun

"In My Maserati"
Olakira Ft Davido

"Money Fit Me"
Syno

"Lo Lo"
Omah Lay

Leave a Reply

Your email address will not be published.

FACE OF NAIJAFINIX 2021

ADVERTISE HERE

NAIJAFINIX MILLIE AWARDS 2020

ADVERTISE HERE

For Song of Your Choice CLICK HERE

GO BACK TO THE TOP

PREMIUM SPONSORED ADVERTS

ADVERTISE HERE

ADVERTISE HERE

ADVERTISE HERE

ADVERTISE HERE

ALL NAIJAFINIX MODELS

NF-Models (2018 - 2021)

VIEW NAIJAFINIX MODELS