GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Breaking: Buhari Officially Launches Nigerian Digital Currency E-Naira [Photo]

Enudi Golden by Enudi Golden
January 11, 2024
in Featured, Headline, Technology, World News
Reading Time: 2 mins read
Breaking: Buhari Officially Launches Nigerian Digital Currency E-Naira [Photo]
13
SHARES
Advertisements

Buhari Officially Launches Nigerian Digital Currency E-Naira, Photos can be seen below:

GoldenNewsNg gathered that the Nigerian digital currency, E–Naira has been officially launched today at the States House in Abuja.

The Central Bank of Nigeria, CBN had earlier announced that President Muhammadu Buhari will on Monday (today) unveil the e-Naira.

READ ALSO

FG Increases Scholarship Grants, Launches New ₦6 Billion Scheme for Medicine, Vocational Studies – Apply Now

Apply Now: Lagos State Reopens Scholarship Portal for 2024/2025

 

Recall, The CBN had on September 30th suspended the launch of its digital currency, called e-Naira. The suspension of the launch was announced by CBN spokesman Osita Nwanisobi while speaking to newsmen in Abuja.

According to the CBN spokesperson, the rollout was suspended to allow other events slated for the country’s 61st independence anniversary to take place.

But in a statement on Saturday, Osita Nwanisobi stated that the e-Naira is now expected to be activated on Monday by the president. The CBN Director stated that the launching would take place at the States House, Abuja.

Coming to fulfillment, President Buhari has on Monday, declared the official use of the new era electronic version of the nation’s local paper currency.

Present at the unveiling were the Vice-President, Prof. Yemi Osinbajo, and the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, Naija News understands.

The E-Naira will hold equal value with the paper currency and will be issued by the CBN.

Nigerian authorities say the currency is not intended to replace cash but will function as a safe and efficient alternative means of payment.

The eNaira will be a Central Bank Digital Currency (CBDC), issued by the government, and it will have the same value as the paper, or fiat, currency.

It is understood that CBDCs is far different from cryptocurrencies in being regulated and therefore subject to banking laws. They are issued by a central authority and are therefore trusted by traders. The CBN issued its regulatory guidelines for the eNaira on 1 October.

The E-Naira value will rise or fall in relation to the dollar in the same way as the fiat currency.

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Bauchi Poly Sacks Two Lecturers For Allegedly Raping Students

Next Post

Breaking: FG Reopens NYIF Portal For Nigeria Youth Investment Fund Registration

Related Posts

FG Increases Scholarship Grants, Launches New ₦6 Billion Scheme for Medicine, Vocational Studies – Apply Now

FG Increases Scholarship Grants,

The Federal Government of Nigeria has announced an increase in scholarship grants across all academic levels and introduced two new...

Read moreDetails

Apply Now: Lagos State Reopens Scholarship Portal for 2024/2025

Apply: Lagos State Scholarship Reopened for 2023/2024 and 2024/2025

Good news for Lagos State students! The Lagos State Scholarship Board (LSSB) has officially reopened its portal for scholarship applications...

Read moreDetails

Kano Govt Announce Recruitment for Biomedical Engineers

Kano Govt Announce Recruitment for Biomedical Engineers

The Kano State Hospitals Management Board, with the approval of His Excellency Alhaji Abba Kabir Yusuf, has announced job openings...

Read moreDetails

Digital Skills for Women in Business 4.0 – Apply Now for Free Training 

Digital Skills for Women in Business 4.0 – Apply Now for Free Training 

Boost Your Business: Free Digital Skills Training for Women Entrepreneurs in Lagos Boost Your Business: Free Digital Skills Training for...

Read moreDetails

Petrol Prices Fall as Importers Challenge Dangote Refinery with Cheaper Fuel

Petrol Prices Fall as Importers Challenge Dangote Refinery with Cheaper Fuel

Petrol Prices Fall as Importers Challenge Dangote Refinery with Cheaper Fuel A fresh wave of competition is shaking up Nigeria’s...

Read moreDetails

SMEDAN Launches Solar-Powered Fashion Hub in Abuja for Just N500 Daily

SMEDAN Launches Solar-Powered Fashion Hub in Abuja for Just N500 Daily

SMEDAN Launches Solar-Powered Fashion Hub in Abuja for Just N500 Daily If you’re a fashion designer or tailor looking for...

Read moreDetails

NPHCDA Opens Recruitment for Local Government Vaccine Accountability Officers

NPHCDA Opens Recruitment for Local Government Vaccine

NPHCDA Opens Recruitment for Local Government Vaccine Accountability Officers The National Primary Health Care Development Agency (NPHCDA) has announced the...

Read moreDetails

FG Announces Key Changes in Education Funding Process – links disbursement of UBEC fund to state performance 

FG links disbursement of UBEC fund to state performance 

FG Announces Key Changes in Education Funding Process - links disbursement of UBEC fund to state performance   The Federal Government is...

Read moreDetails

FG Gives Fresh Update On 2025 Police Recruitment

2025 Police Recruitment

The Federal Government has shared a fresh update on the much-anticipated 2025 police recruitment exercise, giving Nigerians a clearer picture...

Read moreDetails

Teachers Recruitment: Bayelsa Releases Shortlist Update, Confirms Payment of Salary Arrears

Teachers Recruitment: Bayelsa Releases Shortlist Update, Confirms Payment of Salary Arrears

Teachers Recruitment: Bayelsa Releases Shortlist Update, Confirms Payment of Salary Arrears If you're one of the many applicants waiting to...

Read moreDetails
Load More
Next Post
NYIF Loan News - New Registration for 2022, Approval, Disbursement and NYIF Training Update

Breaking: FG Reopens NYIF Portal For Nigeria Youth Investment Fund Registration

SEARCH ADS

Latest Posts

FG Increases Scholarship Grants,
Education

FG Increases Scholarship Grants, Launches New ₦6 Billion Scheme for Medicine, Vocational Studies – Apply Now

Apply: Lagos State Scholarship Reopened for 2023/2024 and 2024/2025
Education

Apply Now: Lagos State Reopens Scholarship Portal for 2024/2025

Kano Govt Announce Recruitment for Biomedical Engineers
Headline

Kano Govt Announce Recruitment for Biomedical Engineers

Digital Skills for Women in Business 4.0 – Apply Now for Free Training 
business

Digital Skills for Women in Business 4.0 – Apply Now for Free Training 

Petrol Prices Fall as Importers Challenge Dangote Refinery with Cheaper Fuel
business

Petrol Prices Fall as Importers Challenge Dangote Refinery with Cheaper Fuel

SMEDAN Launches Solar-Powered Fashion Hub in Abuja for Just N500 Daily
business

SMEDAN Launches Solar-Powered Fashion Hub in Abuja for Just N500 Daily

NPHCDA Opens Recruitment for Local Government Vaccine
Headline

NPHCDA Opens Recruitment for Local Government Vaccine Accountability Officers

FG links disbursement of UBEC fund to state performance 
Education

FG Announces Key Changes in Education Funding Process – links disbursement of UBEC fund to state performance 

2025 Police Recruitment
Headline

FG Gives Fresh Update On 2025 Police Recruitment

Teachers Recruitment: Bayelsa Releases Shortlist Update, Confirms Payment of Salary Arrears
Headline

Teachers Recruitment: Bayelsa Releases Shortlist Update, Confirms Payment of Salary Arrears

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News