| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by Salatavor: 8:53am On Sep 10, 2021 |
Tg |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by NaijaCoverBlog(m): 8:54am On Sep 10, 2021 |
There Is Nothing Way No Go See Inside Blogging Business |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by headbasher96(m): 8:54am On Sep 10, 2021 |
Pick wey him father no get mouth no go get mouth
Another money laundering technic to loot 1 trillion e naira carry the waka for usb |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by undefeated(m): 8:55am On Sep 10, 2021 |
Can't ever trust this system, especially with the clueless leader of the gang |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by poiZon: 8:56am On Sep 10, 2021 |
milann:
The Central Bank of Nigeria (CBN) has said that its soon to be launched digital currency, e-Naira, will strengthen the stability of the banking system as deposits become more diversified when more people are banked.
The Central Bank Digital Currency (CBDC) will also make it easier for the banking system to comply with existing laws such as anti-money laundering, customer protection against fraud and ensuring the safety and stability of the payment system.
This was made known by CBN’s Deputy Governor, Operations, Mr Folashodun Shonubi, at the Chartered Institute of Bankers of Nigeria (CIBN) advocacy dialogue series 4 webinar held on Thursday in Lagos.
The theme of the event was, ‘Central Bank Digital Currencies: Insights for the 21st Century Banker.’
What the Deputy Governor of CBN said
Shonubi said, “The Central Bank in its implementation has ensured the e-Naira feeds our economy and provides greater value.
“The central bank digital currency offers all the benefits of cash but in digital form. Every single digital currency is an
electronic version of the cash, the legal tender. When you make a cash payment, settlement is done instantly; digital
currencies entail the same promises and even more.
“CBDC offers a safer option from the privately issued cryptocurrency which have been based on the possibility to
enable cheaper transactions but have now been used for investment.
“The intention is not to eliminate other forms of payment but to complement the current areas of payment options, thereby
ensuring the stability of the payment system in the long run.
I expect in the coming days we will see rapid inclusion rates.
“For banks in developing nations, it will enhance their liquidity, efficiency in national remittances and challenge the
high cost of remittances as the world rebounds in the post-pandemic. I am of the view that the era of CBDC promotes greater opportunities, and the central bank must be aware of the risks and mitigate them.”
Speaking at the event, Lamido Yuguda, the Director-General of the Securities and Exchange Commission (SEC), one of
the key players in the successful operation of the digital currency, said that the e-Naira, which is about to be launched in October, would help improve the capital market when combined with vibrant inter-developmental policies, which would lead to financial inclusion, especially in the capital market.
The SEC boss said, “This is an opportunity for the fintech market to connect our people to existing opportunities in the
financial market, connecting our people with investment opportunities in other climes. Once we do that, we would
grow our market, Nigeria has 200 million people. We are blessed with a hardworking youthful population.
“This capital market would in turn finance the necessary infrastructure investment that this country needs today.”
What you should know
Recall that on July 27, 2021, the CBN Governor, Godwin Emefiele, after the Monetary Policy Committee (MPC)
meeting, confirmed the launch of its digital currency (e-Naira) pilot program in October. He also spoke on the importance of eNaira in Africa’s largest economy that included cross-border trade facilitation, financial inclusion, monetary policy effectiveness, improved payment efficiency, revenue tax collection, remittance improvement, and targeted social interventions.
Earlier in September, SEC, which had sought to regulate crypto on the grounds that they qualify as securities transactions, disclosed that the recent launch of the country’s digital currency, e-naira, is the result of its engagement with the CBN.
https://nairametrics.com/2021/09/10/cbn-lists-benefits-of-its-digital-currency-e-naira-in-financial-system/
u If this eNaira won't strengthen the our real naira, then it is as useless as p in psychology. Almost all commercial banks have eplatforms were u can wake up and transact... Most of the platforms too have so many loopholes were fraudsters uses to swindle customers and most of the cases haven't been resolved by cbn that is the financial regulator of these DMBs... Spending monies again to creatr a platform that won't strengthen or add value to the naira is wasteful, ill thought and foolish. 1 Like |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by Priwillo: 8:56am On Sep 10, 2021 |
They will use it alone |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by Mikael0407(m): 8:58am On Sep 10, 2021 |
How can we purchase it?? |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by NaijaNaWaa: 9:04am On Sep 10, 2021 |
#DOA! |
|
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by mastertek: 9:05am On Sep 10, 2021 |
We already have enaira in our country, all our money stored in a bank and access electronically, do transaction electronically is also digital currency, what is the different? 1 Like |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by Winters23: 9:07am On Sep 10, 2021 |
honest1480:
They keep going after cryptocurrency trading and they expect theirs to stive? Lols e-Naira is not even a cryptocurrency because it doesn't run on any blockchain this is just a wallet with some fiat 1 Like |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by OBA117(m): 9:08am On Sep 10, 2021 |
milann:
The Central Bank of Nigeria (CBN) has said that its soon to be launched digital currency, e-Naira, will strengthen the stability of the banking system as deposits become more diversified when more people are banked.
The Central Bank Digital Currency (CBDC) will also make it easier for the banking system to comply with existing laws such as anti-money laundering, customer protection against fraud and ensuring the safety and stability of the payment system.
This was made known by CBN’s Deputy Governor, Operations, Mr Folashodun Shonubi, at the Chartered Institute of Bankers of Nigeria (CIBN) advocacy dialogue series 4 webinar held on Thursday in Lagos.
The theme of the event was, ‘Central Bank Digital Currencies: Insights for the 21st Century Banker.’
What the Deputy Governor of CBN said
Shonubi said, “The Central Bank in its implementation has ensured the e-Naira feeds our economy and provides greater value.
“The central bank digital currency offers all the benefits of cash but in digital form. Every single digital currency is an
electronic version of the cash, the legal tender. When you make a cash payment, settlement is done instantly; digital
currencies entail the same promises and even more.
“CBDC offers a safer option from the privately issued cryptocurrency which have been based on the possibility to
enable cheaper transactions but have now been used for investment.
“The intention is not to eliminate other forms of payment but to complement the current areas of payment options, thereby
ensuring the stability of the payment system in the long run.
I expect in the coming days we will see rapid inclusion rates.
“For banks in developing nations, it will enhance their liquidity, efficiency in national remittances and challenge the
high cost of remittances as the world rebounds in the post-pandemic. I am of the view that the era of CBDC promotes greater opportunities, and the central bank must be aware of the risks and mitigate them.”
Speaking at the event, Lamido Yuguda, the Director-General of the Securities and Exchange Commission (SEC), one of
the key players in the successful operation of the digital currency, said that the e-Naira, which is about to be launched in October, would help improve the capital market when combined with vibrant inter-developmental policies, which would lead to financial inclusion, especially in the capital market.
The SEC boss said, “This is an opportunity for the fintech market to connect our people to existing opportunities in the
financial market, connecting our people with investment opportunities in other climes. Once we do that, we would
grow our market, Nigeria has 200 million people. We are blessed with a hardworking youthful population.
“This capital market would in turn finance the necessary infrastructure investment that this country needs today.”
What you should know
Recall that on July 27, 2021, the CBN Governor, Godwin Emefiele, after the Monetary Policy Committee (MPC)
meeting, confirmed the launch of its digital currency (e-Naira) pilot program in October. He also spoke on the importance of eNaira in Africa’s largest economy that included cross-border trade facilitation, financial inclusion, monetary policy effectiveness, improved payment efficiency, revenue tax collection, remittance improvement, and targeted social interventions.
Earlier in September, SEC, which had sought to regulate crypto on the grounds that they qualify as securities transactions, disclosed that the recent launch of the country’s digital currency, e-naira, is the result of its engagement with the CBN.
https://nairametrics.com/2021/09/10/cbn-lists-benefits-of-its-digital-currency-e-naira-in-financial-system/
u It is well! |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by 24brains(m): 9:09am On Sep 10, 2021 |
Nigeria is blessed with hard working youthful population i thought the dullard said nigeria youths are lazy  aren't these people confused  |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by greatiyk4u(m): 9:10am On Sep 10, 2021 |
Fahdiga:
If they like they can launch B naira nothing works under the lifeless Lolz, Thank God for NL for relieving some of you from the stress of depression |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by techWriter1: 9:12am On Sep 10, 2021 |
They stay get after cryptocurrency bourses and they foresee theirs to stive? |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by Fahdiga(m): 9:12am On Sep 10, 2021 |
greatiyk4u:
Lolz,
Thank God for NL for relieving some of you from the stress of depression Truth is bitter |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by castrokins(m): 9:13am On Sep 10, 2021 |
I Didn't See Any Benefits. Just Economic Jargons. |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by blackpanda: 9:13am On Sep 10, 2021 |
i just cant trust anything the criminal emefiele says. invest in CBDC at your own risk |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by blackpanda: 9:15am On Sep 10, 2021 |
undefeated:
Can't ever trust this system, especially with the clueless leader of the gang is buhari CBN Governor SMH |
|
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by lathrowinger: 9:21am On Sep 10, 2021 |
Enn214:
Pls help.. which Nigerian banks are good for payoneer account?
Now wey dollar don high, make I follow tap Make I follow you tap bikop |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by AfroAgroPower: 9:22am On Sep 10, 2021 |
AfroAgroPower:
E-naira, Poverty Alleviation Coin (PAC) and NairaMarley Coin (NMC)....
The Game Changers Hi everyone, To whom it may Concern, I'm in search of who sells Legitimate/Clean PayPal funds for a daily and long term Revenue Boost Opportunity. If you do sell PayPal funds; What's your rate? Can you provide up to $500 - $5,000 on a daily basis? I have a new business consignment of Revenue Boost through Paypal which I'll love we get partnered to achieve. I'll explain more if you are opened for partnership. |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by ProJectAnatot(m): 9:23am On Sep 10, 2021 |
This people just the speak English. Mtchewww |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by Nikkganc08(m): 9:33am On Sep 10, 2021 |
Do u know d problem with our Normal Naira?
1. ) it is usually changed /redesigned after years
In 1990 when we were still using d old paper notes, some politicians looted billions of naira, dug holes like soakaway pits in their compounds, fixed GP water tanks inside them and stored the money there.
Guess what?
After some years, a new design of d naira note was made and this made those BILLIONS of old currencies looted to become useless.
2. ) *storing the LOOTED currency Is difficult*
Do u know that you'll need more than a 3-storey building to store Abachas loot (if it should be converted to 1,000naira notes)?
Abacha was caught. That's why he's termed a criminal.
There are hundreds of Nigerian politicians that have looted more than him but you'll never know cos they have not been caught (and won't be caught).
3. ) you can't buy excessive properties with the looted funds cos people would always expose those properties and you'll be probed.
BUT HERE'S THE GOOD NEWS....!!!
With the new E-NAIRA , you can loot unbelievable sums of money and no one would notice.
You can safely store them and access them from anywhere.
They can be safely and easily converted to naira, dollar or other cryptocurrencies.
U no longer need storage tanks to hide d money.
CONCLUSION: The E-NAIRA is a good idea and will surely be approved by ALL politicians, starting from out darling president.
No opposition at all.
Even the yahoo boys will smile at this cos it means new opportunities for bigger and better scams. |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by naijapips04: 9:37am On Sep 10, 2021 |
Tintinnoty:
CBN is so confuse right now. You banned cryptocurrency only to introduce your own digital currency Oga they did not ban cryptocurrency. Learn to read and understand. |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by wallstreetnews: 9:58am On Sep 10, 2021 |
|
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by wealthtrak: 10:17am On Sep 10, 2021 |
milann:
The Central Bank of Nigeria (CBN) has said that its soon to be launched digital currency, e-Naira, will strengthen the stability of the banking system as deposits become more diversified when more people are banked.
The Central Bank Digital Currency (CBDC) will also make it easier for the banking system to comply with existing laws such as anti-money laundering, customer protection against fraud and ensuring the safety and stability of the payment system.
This was made known by CBN’s Deputy Governor, Operations, Mr Folashodun Shonubi, at the Chartered Institute of Bankers of Nigeria (CIBN) advocacy dialogue series 4 webinar held on Thursday in Lagos.
The theme of the event was, ‘Central Bank Digital Currencies: Insights for the 21st Century Banker.’
What the Deputy Governor of CBN said
Shonubi said, “The Central Bank in its implementation has ensured the e-Naira feeds our economy and provides greater value.
“The central bank digital currency offers all the benefits of cash but in digital form. Every single digital currency is an
electronic version of the cash, the legal tender. When you make a cash payment, settlement is done instantly; digital
currencies entail the same promises and even more.
“CBDC offers a safer option from the privately issued cryptocurrency which have been based on the possibility to
enable cheaper transactions but have now been used for investment.
“The intention is not to eliminate other forms of payment but to complement the current areas of payment options, thereby
ensuring the stability of the payment system in the long run.
I expect in the coming days we will see rapid inclusion rates.
“For banks in developing nations, it will enhance their liquidity, efficiency in national remittances and challenge the
high cost of remittances as the world rebounds in the post-pandemic. I am of the view that the era of CBDC promotes greater opportunities, and the central bank must be aware of the risks and mitigate them.”
Speaking at the event, Lamido Yuguda, the Director-General of the Securities and Exchange Commission (SEC), one of
the key players in the successful operation of the digital currency, said that the e-Naira, which is about to be launched in October, would help improve the capital market when combined with vibrant inter-developmental policies, which would lead to financial inclusion, especially in the capital market.
The SEC boss said, “This is an opportunity for the fintech market to connect our people to existing opportunities in the
financial market, connecting our people with investment opportunities in other climes. Once we do that, we would
grow our market, Nigeria has 200 million people. We are blessed with a hardworking youthful population.
“This capital market would in turn finance the necessary infrastructure investment that this country needs today.”
What you should know
Recall that on July 27, 2021, the CBN Governor, Godwin Emefiele, after the Monetary Policy Committee (MPC)
meeting, confirmed the launch of its digital currency (e-Naira) pilot program in October. He also spoke on the importance of eNaira in Africa’s largest economy that included cross-border trade facilitation, financial inclusion, monetary policy effectiveness, improved payment efficiency, revenue tax collection, remittance improvement, and targeted social interventions.
Earlier in September, SEC, which had sought to regulate crypto on the grounds that they qualify as securities transactions, disclosed that the recent launch of the country’s digital currency, e-naira, is the result of its engagement with the CBN.
https://nairametrics.com/2021/09/10/cbn-lists-benefits-of-its-digital-currency-e-naira-in-financial-system/
China is one of the major countries that have adopted the digital currency format.
More countries will follow but if you don't have an economy with the right fundamentals
then this is going to beuseless. Period! 1 Like 2 Shares |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by TalkTalkTwins(m): 10:31am On Sep 10, 2021 |
Enn214:
Pls help.. which Nigerian banks are good for payoneer account?
Now wey dollar don high, make I follow tap I withdraw to my dorm account |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by mekussa(m): 11:02am On Sep 10, 2021 |
The SILLY HIDIOTS that went to dash one NAMELESS foreign company millions of dollars to help them work out their digital currency are now calling on Nigerian fintech companies to come and join them in distribution.
Mad pipu |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by Flytime: 11:28am On Sep 10, 2021 |
. |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by Nobody: 11:34am On Sep 10, 2021 |
Soon |
| Re: CBN Lists Benefits Of Its Digital Currency, E-naira In Financial System by Nobody: 11:38am On Sep 10, 2021 |
I don't think this will help strengthen the naira against stronger currencies like dollar.. ..
Unrealistic!! Because you can't automatically stop the DD for dollar..in the economy.. launching e-naira is not enough! The economy needs substantial policies.
All thanks to our oil revenue and reserves |
