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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
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Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
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Nigerian Ex-President Muhammadu Buhari's Sign Forged To Steal $6 Million From Central Bank
Nigeria is seeking the International Criminal Police Organisation's (Interpol) help to arrest three suspects who allegedly stole $6.2 million from the central bank, using the forged signature of of former President Muhammadu Buhari.
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Turkey Joins China, India in Marking CBDC Milestones on Wider Scale Before 2022 Wraps Up
The Central Bank of the Republic of Turkey (CBRT), that started its CBDC trials earlier this year, has completed its first phase before the end of year 2022. Turkey’s CBDC is named the Digital Turkish Lira. The nation plans to continue the studies on the economic and legal framework around CBDCs next year.
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Nigeria May Allow Flight Bookings, Cable and Electricity Payments With eNaira CBDC
The Central Bank of Nigeria (CBN) is reportedly looking to allow people to use the eNaira for day-to-day payments. Nigeria’s apex bank has partnered with mobile banking firm called Bizi Mobile to facilitate user payments via its CBDC. The CBN official also said that eNaira could help poverty-ridden Nigerians who will get compensations from the go...
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Nigerian Central Bank To Launch Digital Currency Within Days: Godwin Emefiele
The Central Bank of Nigeria (CBN) will launch the eNaira, its digital currency, in a couple of days from now, Governor Godwin Emefiele said on Thursday.
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Amid Crypto Boom, Nigeria, Ghana In Race To Have Own Digital Currency
Central banks in Nigeria and Ghana have partnered with foreign financial tech companies to create digital versions of their currencies, joining the global train of countries exploring the initiative
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Bharti Airtel, Bajaj Auto Shares Hit by Nigeria Devaluation
Bharti Airtel and Bajaj Auto shares fell today after Nigeria, which is one of their biggest overseas markets, announced a devaluation of its currency naira. Nigerian central bank has pegged the Naira at 168 to the US dollar, which is 8.4 per cent lower than its previous peg of 155/dollar.
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Clashes as Nigeria's Former Bank Chief Sworn in as Muslim Leader
Nigeria's new Muslim monarch, the Emir of Kano, was sworn in on Monday, after a second day of violence fueled by suspicions that politics, not religion, was behind the appointment.
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What is the ‘REDI’ Framework for CBDC Adoption Suggested by IMF
The IMF's REDI framework—comprising regulation, education, design and deployment, and incentives—highlights the importance of fostering awareness and understanding of Central Bank Digital Currencies (CBDCs). In alignment with insights from global financial experts, an IMF report emphasizes that enhancing knowledge about CBDCs is essential for p...
-
Central Bank Digital Currency Momentum Shows Growth, Study Shows
The research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push by authorities to respond to declining cash usage and th...
-
Nigerian Ex-President Muhammadu Buhari's Sign Forged To Steal $6 Million From Central Bank
Nigeria is seeking the International Criminal Police Organisation's (Interpol) help to arrest three suspects who allegedly stole $6.2 million from the central bank, using the forged signature of of former President Muhammadu Buhari.
-
Turkey Joins China, India in Marking CBDC Milestones on Wider Scale Before 2022 Wraps Up
The Central Bank of the Republic of Turkey (CBRT), that started its CBDC trials earlier this year, has completed its first phase before the end of year 2022. Turkey’s CBDC is named the Digital Turkish Lira. The nation plans to continue the studies on the economic and legal framework around CBDCs next year.
-
Nigeria May Allow Flight Bookings, Cable and Electricity Payments With eNaira CBDC
The Central Bank of Nigeria (CBN) is reportedly looking to allow people to use the eNaira for day-to-day payments. Nigeria’s apex bank has partnered with mobile banking firm called Bizi Mobile to facilitate user payments via its CBDC. The CBN official also said that eNaira could help poverty-ridden Nigerians who will get compensations from the go...
-
Nigerian Central Bank To Launch Digital Currency Within Days: Godwin Emefiele
The Central Bank of Nigeria (CBN) will launch the eNaira, its digital currency, in a couple of days from now, Governor Godwin Emefiele said on Thursday.
-
Amid Crypto Boom, Nigeria, Ghana In Race To Have Own Digital Currency
Central banks in Nigeria and Ghana have partnered with foreign financial tech companies to create digital versions of their currencies, joining the global train of countries exploring the initiative
-
Bharti Airtel, Bajaj Auto Shares Hit by Nigeria Devaluation
Bharti Airtel and Bajaj Auto shares fell today after Nigeria, which is one of their biggest overseas markets, announced a devaluation of its currency naira. Nigerian central bank has pegged the Naira at 168 to the US dollar, which is 8.4 per cent lower than its previous peg of 155/dollar.
-
Clashes as Nigeria's Former Bank Chief Sworn in as Muslim Leader
Nigeria's new Muslim monarch, the Emir of Kano, was sworn in on Monday, after a second day of violence fueled by suspicions that politics, not religion, was behind the appointment.
