• Latest
E-Naira, The Game Changer- BMO Hails FG

E-Naira, The Game Changer- BMO Hails FG

September 12, 2022
Emeritus Prof. Of Medicine, Umaru Shehu Is Dead

Emeritus Prof. Of Medicine, Umaru Shehu Is Dead

October 3, 2023
President Tinubu Establishes Infrastructure Support Fund For States

Chicago University Confirms Tinubu’s Certificate Matching INEC Record

October 3, 2023
Speaker, Abbas Calls For Renewed Efforts On Climate Action

Speaker Abbas Appoints Dan- Azumi Chief Of Staff

October 3, 2023
Nasarawa Explosion: 37 Persons Buried So Far- Gov. Sule

Gov. Sule Rejects Nasarawa Tribunal Judgement, Calls For Calm

October 3, 2023
Ondo Deep Sea Port And The Prospects Ahead By Fisayo Falodi

Maritime Workers Cancel Indefinite Strike

October 3, 2023
Tinubu Is An Absentee Candidate, Planning A Proxy Govt- Atiku

Finally, Chicago University Releases Tinubu’s School Documents

October 3, 2023
Gov. Fintiri Imposes 24- Hrs Curfew

Adamawa Guber Tribunal Dismisses SDP Petition, Affirms Gov Fintiri’s Election

October 3, 2023
‘Yahoo Boys Now Role Model In Nigerian Society’- Alison-Madueke

EFCC Obtains Arrest Warrant, Begins Extradition Process For Alison-Madueke

October 3, 2023
Police Arrest Fire Service Officer For Allegedly Raping 12-yr-old in Delta

Many Burnt To Death In Delta Illegal Oil Refinery Site Explosion

October 3, 2023
  • About US
  • Advert Rates
  • Privacy Policy
  • Contact
Tuesday, October 3, 2023
  • Login
Present Nigeria
  • Home
  • News
  • Politics
  • Business
  • Crime
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Education
  • Sports
  • World News
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Crime
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Education
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result
Home Business

E-Naira, The Game Changer- BMO Hails FG

by Present Nigeria
September 12, 2022
in Business
0
E-Naira, The Game Changer- BMO Hails FG
8
SHARES
65
VIEWS
FacebookTwitterWhatsappTelegram

The  Buhari Media Organisation (BMO) has hailed the Central Bank Digital Currency (CBDC), also known as e-Naira as one of the Federal Government’s solutions to foreign exchange challenges that surprised the global economic leaders.

In a statement signed by its Chairman Niyi Akinsiju and Secretary Cassidy Madueke, BMO noted that while many countries are still considering the importance of a sovereign currency, Nigeria has gone ahead to pioneer it, describing the e-naira as a “game changer “.

RelatedPosts

Emeritus Prof. Of Medicine, Umaru Shehu Is Dead

Chicago University Confirms Tinubu’s Certificate Matching INEC Record

Speaker Abbas Appoints Dan- Azumi Chief Of Staff

“What we have now is a multi-platform transactional economy; and not just that, we are now running a strong electronic platform economy, digital transactional economy and a crypto-based digital currency

“The e-Naira which was launched in October 2021, has shown to have prospects for the Nigerian economy.

“Alongside digital innovations, digital currencies could foster economic growth through better economic activities, increase remittances, improve financial inclusion and make monetary policy more effective”.

The group added that “the e-Naira, being the first central bank digital currency in Africa, has attracted much attention and countries across Africa are coming to Nigeria to understudy its technicalities.

“Most countries in the high G7 cadre, the IMF and the World Bank, were not expecting this from us.

“And from Nigeria comes the digital currency that people are now buying into: we have more banks facilitating and more traders across the world engaging in it.

“The beauty of this is that it is not just a domestic transactional platform, it also avails international transaction, one can transact from any location with a naira account at an official exchange rate”, the statement added.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Related

Share3Tweet2SendShareShare1
Previous Post

Atiku Condoles Ifeanyi Ubah Over Attack On Convoy

Next Post

Bagudu Gifts Hisbah N100m

Related Posts

BUA Cement Declares N361b Revenue For 2022

BUA Crashes Cement Price To N3,500 From N5,500

October 2, 2023
Erisco Foods Reacts To Malicious Facebook Review

Erisco Foods Reacts To Malicious Facebook Review

October 1, 2023
FAAC Shares N733.095bn June 2021 Revenue To FG, States, LGs

FAAC: FG, States, Local Govts Share N1.1tr As August Revenue

September 29, 2023
CBN Seeks To Ban BVN Violators From Banking Services

Why Tinubu Appointed New CBN Management Team– Aide

September 27, 2023
Next Post
Gombe Bans Open Defecation, Declares State Of Emergency On WASH

Bagudu Gifts Hisbah N100m

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Emeritus Prof. Of Medicine, Umaru Shehu Is Dead

Emeritus Prof. Of Medicine, Umaru Shehu Is Dead

October 3, 2023
President Tinubu Establishes Infrastructure Support Fund For States

Chicago University Confirms Tinubu’s Certificate Matching INEC Record

October 3, 2023
Speaker, Abbas Calls For Renewed Efforts On Climate Action

Speaker Abbas Appoints Dan- Azumi Chief Of Staff

October 3, 2023
Nasarawa Explosion: 37 Persons Buried So Far- Gov. Sule

Gov. Sule Rejects Nasarawa Tribunal Judgement, Calls For Calm

October 3, 2023
  • I Am Being Blackmail Over A Sex Video With My Partner- Tiwa Savage

    (Video 18+)Tiwa Savage Sex Tape Finally Leaks Online

    1839 shares
    Share 736 Tweet 460
  • Suspect Linked With Ansaru Terror Cell Re-arrested In Sokoto

    329 shares
    Share 132 Tweet 82
  • Soludo Suspends LG Chairman For Alleged Homicide

    324 shares
    Share 130 Tweet 81
  • Submit Campaign Schedules,Police Urges Political Parties

    322 shares
    Share 129 Tweet 81
  • Termites Eat Up Document Backing N17b NSITF Expenditure

    321 shares
    Share 128 Tweet 80

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

Recent News

Emeritus Prof. Of Medicine, Umaru Shehu Is Dead

Emeritus Prof. Of Medicine, Umaru Shehu Is Dead

October 3, 2023
President Tinubu Establishes Infrastructure Support Fund For States

Chicago University Confirms Tinubu’s Certificate Matching INEC Record

October 3, 2023
Speaker, Abbas Calls For Renewed Efforts On Climate Action

Speaker Abbas Appoints Dan- Azumi Chief Of Staff

October 3, 2023
  • Home
  • News
  • Politics
  • Business
  • Crime
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Education
  • Sports
  • World News

© 2023 Present Nigeria. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Crime
  • Entertainment
  • Health
  • Lifestyle
  • Opinion
  • Education
  • Sports
  • World News

© 2023 Present Nigeria. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In