₦airaland Forum

With the e-Naira, salary payments and payments for goods and services can be concluded.

I just pray this one becomes true.

We are tired of this their audio employment.


Kindly check my signature today

Are they serious.

Have you visited my signature today?

Good for them.

What were you expecting before

They have to look for their daily need

In June 2021, the Central Bank of Nigeria (CBN) announced plans to launch a digital currency called the 'e-Naira' by 1st October 2021. The questions is  How Does e-Naira Work In A Digital Economy, in this article I have outline it, Video included.

The big advantage of account-based ownership is that it reduces criminal activities and we know quite well how to effectively protect these.

What is e-Naira Digital Currency ?

eNaira is a digital currency to be issued by the Nigerian government with the same value as fiat naira (i.e. physical naira notes). It is to be purchased by the general public through FI and transferred into e-wallets maintained by customers.

The e-Naira will also bring in the vast majority of the unbanked Nigerians who have no bank account but have a phone into the formal financial digital economy.

With the e-Naira, salary payments and payments for goods and services can be concluded.

A skilled plumber who is doing business can accept payments on his phone, store them in his wallet, and make transactions with any vendor.

This digital currency will allow easy transaction but is it different from any other digital currency because it will be issued by a sovereign authority, which is the CBN.A digital currency issued by a government works differently from cryptocurrency like Bitcoin.According to the CBN, the e-Naira will aid financial inclusion and propel a cashless policy.e-Naira, which was created to facilitate digital transactions, does not need to be backed with physical cash.It will not grow in value like Bitcoin or other crypto currencies but it will function the same way the Naira does.

How does e-Naira work in a digital economy? The e-Naira will be pegged to the Naira so their value remains the same like stable coins pegged to the dollar.

The e-Naira will be created independently of bank accounts; the wallet will be created by financial institutions that will create customer identification through an application product interface.

It is a legal tender for the entire country, it will have a non-interest bearing Central bank Digital Currency status, a transaction limit for customers and a value-based transaction limit.

As a National Critical infrastructure, the e-Naira system will be subjected to comprehensive security check, all data and personally identifiable information (PII) will be kept off the ledger and will not be stored on the ledger.

Benefits of eNaira Digital Currency 
The Governor of Central Bank of Nigeria also listed the benefits of eNaira coin to include;
Increased cross-border trade
Accelerated financial inclusion
Cheaper and faster remittance inflows
Easier targeted social interventions
Improvements in monetary policy effectiveness
Payment systems efficiency
Tax collection.

The CBN has engaged a Barbados-based fintech company, Bitt, to help deliver a blockchain-based digital currency, which is due to be unveiled ‘later in the year’, the central bank announced this week.

The move comes less than a month after the central bank of Ghana, another sizeable West African state, announced an agreement with German company Giesecke+Devrient (G+D) to test a CBDC.

Conclusion
Though CBN barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February. But for eNaira project to be successful and work in a digital Economy, a good number of Nigerians (including companies and government agencies) will have to maintain e-wallets.

How does e-Naira work in a digital economy, nevertheless, eNaira will be troubled by some of the current issues of the country including illiteracy, lack of power, lack of internet coverage, and the volatility of the Nigerian currency.

Central Bank need to enlighten Nigerians on how to really use the new Digital Currency so as to boost its digital economy, when they do this; then the question of how does e-Naira work in a digital economy will be a thing of the past because there will be a lot to show for it.

Follow the link to watch the video

Source: https://smartbusinessinfohub.com/how-does-e-naira-work-in-a-digital-economy/

I just pity Pere, I pray he win the twist.

Good luck to him.

Its a Digital Currency, not Bitcoin

Machinegun91:
E naira is Bitcoin

let just believe them,

my problem is with the way the Naira is falling.

If you want to expand your reach, increase your engagement, and boost your sales, then you need to promote your business because it’s crucial – you NEED more traffic.

As more and more businesses pop up every day, it’s important to continuously look at ways to drive more traffic to your website
So if you are struggling to figure out the best ways to promote your business; or even just what your options are, you are (a) not alone and (b) in the right place.

In this post, I’m going to cover the top 20 places you can promote your business for free, whether you have no budget, a limited budget.
Traffic is your key to being visible – it’s YOUR tool to attract people to your business.
I know it might sound overwhelming but traffic is everywhere. All you have to do is turn it on and with a few simple strategies; you can start to see results.

There are several options for you to promote your business, absolutely for free. A lot of this is thanks to social media.
We built our entire business utilizing social media and social media is really the gift that keeps on giving! Each day it seems like there’s a new option for us on social media.

The best thing you can do when these new options are available, is to think of how you can leverage them as a business owner and entrepreneur.

Why Do You Need To Promote Your Business For Free?

This list of 20 free business promotion websites is essential for you. Use this guide to advertise your business free and save substantial amounts of time scouring the Internet on your own to find a place to promote your site. Moreover, if your business has been online for some time now, you should also skim through our list. You may have skipped some good platforms that could drive a decent amount of traffic to your website and business.

Promote Your Website in Online Directories and Review Platforms
Online directories and review websites offer businesses plenty of opportunities when it comes to free online advertising. Some platforms have international reach, while others deal with local listings and marketing.
Now, are you ready to start promoting your business, for FREE?

Here are 20 Places You Can Promote Your Business For Free

No 12 and 17 will surprise you.

1. Facebook Page
Creating a Facebook page for you business is the first step to promoting your business.
Facebook is the most popular social media platform now. It has more than two billion monthly users.
The other plus of having a Facebook page for your business is that you can use that page to promote your other Facebook pages. This increases brand awareness and helps people recognize your brand more easily.

2. Facebook Groups
Facebook groups are where like-minded people come together to share interests in certain things. Much like other internet forums, people use Facebook groups to learn, express opinions, or network.
Joining Facebook groups that are related to your business's industry, service, or product is an incredibly useful way to promote your business. You'll know that you're promoting your business to people who will be interested in it because those people have opted to participate in a group where the topic is the main point of discussion.

3. Facebook Live
Facebook Live is an underused feature of Facebook, but a great way to promote your business to current and future fans.
All Facebook Live requires is navigating to the status editor on your Facebook page and clicking the button that says "Live." This will open a camera that you can point at yourself or something else. Once you go live, your Facebook page followers and fans will be alerted.
The best part about the Facebook Live feature is that the Live videos can be shared like any other Facebook post. So if you use Live in a creative way and make a compelling live video, it will likely be shared, driving more traffic to your Facebook page.

4. Facebook Stories
The "stories" feature began on Snapchat and has moved from social platform to social platform. Now, Facebook has its own "stories" feature, where you can keep your followers, fans, and friends updated with photos, videos, and text from your day.
Facebook Stories is a great method to promote your business for free.
When you post a story, all of your friends, fans, and followers are notified, and it is present at the top of their Facebook News Feed.

5. Facebook Messenger Stories
Facebook Messenger Stories are the same as the previous two Facebook Story features, but can be posted directly from a Messenger window. This makes it easy to promote your business while being engaged on Messenger.
Since Messenger is by default optimized for mobile, this feature makes it easy to promote your business on the go.

6. Pinterest
Pinterest is an underrated social platform, especially for businesses.
Known as the home to all things aesthetic, such as fashion, interior decorating, and beauty, it is also a great place to promote your business. Pinterest also features educational materials to help you learn how to best utilize the platform to market and promote your business for free, and it could boost small business exposure. Pinterest’s analytics can help track your impact.

7. Pinterest Communities
One of the best ways to get a hand up is to offer a hand up to others. Join communities and groups relevant to your business or industry.

8. Instagram Posts
We dive into the realm of social media with the free photo and video sharing app, Instagram.

This app is available on Apple iOS, Android and Windows Phone, making it extremely versatile when it comes to being used. It attracts over 1 billion active users each month and is an excellent place to give people an introduction into what you do and what you have to offer.

It doesn’t work for every business, but it’s certainly worth having a presence on as this is certainly going to be one of the major social media channels for years to come.

9. Twitter
Twitter is another free channel that can be used to promote your business for free online. Also as you know, Twitter users are the ones who find out first what is going on in the world, from business news to political shenanigans. If they love and follow your business, you will get impressions, re-tweets, followers, shares, and all the good stuff social media has to offer.
It tends to require a bit more activity to build an audience, but if you’re consistently active, you can master the platform and experience its benefits.

10. You Tube
Many people don't consider YouTube to be a place where you can promote your website. Still, it's the perfect place to upload both promotional and tutorial videos (especially now that YouTube has replaced traditional media as we speak)

11. Targeted Email Marketing
Targeted emails are not only free, but statistically they provide the highest rate of return on the time and effort spent to create and distribute them. You have to have an email list to make this an effective marketing technique, but there are a vast number of ways, 50 of them, to build your email list and make this into your best free advertising.

THIS MORE: https://smartbusinessinfohub.com/promote-your-business-for-free/

Why are you asking us?

meanwhile, I have not

Kindly check my signature

i am even asking, who is the Rector?

Wahala for Nigeria.

Kindly Visit my Signature for business news and updates.

If you want to expand your reach, increase your engagement, and boost your sales, then you need to promote your business because it’s crucial – you NEED more traffic.

As more and more businesses pop up every day, it’s important to continuously look at ways to drive more traffic to your website
So if you are struggling to figure out the best ways to promote your business; or even just what your options are, you are (a) not alone and (b) in the right place.

In this post, I’m going to cover the top 20 places you can promote your business for free, whether you have no budget, a limited budget.
Traffic is your key to being visible – it’s YOUR tool to attract people to your business.
I know it might sound overwhelming but traffic is everywhere. All you have to do is turn it on and with a few simple strategies; you can start to see results.

There are several options for you to promote your business, absolutely for free. A lot of this is thanks to social media.
We built our entire business utilizing social media and social media is really the gift that keeps on giving! Each day it seems like there’s a new option for us on social media.

The best thing you can do when these new options are available, is to think of how you can leverage them as a business owner and entrepreneur.

Why Do You Need To Promote Your Business For Free?

This list of 20 free business promotion websites is essential for you. Use this guide to advertise your business free and save substantial amounts of time scouring the Internet on your own to find a place to promote your site. Moreover, if your business has been online for some time now, you should also skim through our list. You may have skipped some good platforms that could drive a decent amount of traffic to your website and business.

Promote Your Website in Online Directories and Review Platforms
Online directories and review websites offer businesses plenty of opportunities when it comes to free online advertising. Some platforms have international reach, while others deal with local listings and marketing.
Now, are you ready to start promoting your business, for FREE?

Here are 20 Places You Can Promote Your Business For Free

No 12 and 17 will surprise you.

1. Facebook Page
Creating a Facebook page for you business is the first step to promoting your business.
Facebook is the most popular social media platform now. It has more than two billion monthly users.
The other plus of having a Facebook page for your business is that you can use that page to promote your other Facebook pages. This increases brand awareness and helps people recognize your brand more easily.

2. Facebook Groups
Facebook groups are where like-minded people come together to share interests in certain things. Much like other internet forums, people use Facebook groups to learn, express opinions, or network.
Joining Facebook groups that are related to your business's industry, service, or product is an incredibly useful way to promote your business. You'll know that you're promoting your business to people who will be interested in it because those people have opted to participate in a group where the topic is the main point of discussion.

3. Facebook Live
Facebook Live is an underused feature of Facebook, but a great way to promote your business to current and future fans.
All Facebook Live requires is navigating to the status editor on your Facebook page and clicking the button that says "Live." This will open a camera that you can point at yourself or something else. Once you go live, your Facebook page followers and fans will be alerted.
The best part about the Facebook Live feature is that the Live videos can be shared like any other Facebook post. So if you use Live in a creative way and make a compelling live video, it will likely be shared, driving more traffic to your Facebook page.

4. Facebook Stories
The "stories" feature began on Snapchat and has moved from social platform to social platform. Now, Facebook has its own "stories" feature, where you can keep your followers, fans, and friends updated with photos, videos, and text from your day.
Facebook Stories is a great method to promote your business for free.
When you post a story, all of your friends, fans, and followers are notified, and it is present at the top of their Facebook News Feed.

5. Facebook Messenger Stories
Facebook Messenger Stories are the same as the previous two Facebook Story features, but can be posted directly from a Messenger window. This makes it easy to promote your business while being engaged on Messenger.
Since Messenger is by default optimized for mobile, this feature makes it easy to promote your business on the go.

6. Pinterest
[/b]Pinterest is an underrated social platform, especially for businesses.
Known as the home to all things aesthetic, such as fashion, interior decorating, and beauty, it is also a great place to promote your business. Pinterest also features educational materials to help you learn how to best utilize the platform to market and promote your business for free, and it could boost small business exposure. Pinterest’s analytics can help track your impact.

[b]7. Pinterest Communities
One of the best ways to get a hand up is to offer a hand up to others. Join communities and groups relevant to your business or industry.

8. Instagram Posts
We dive into the realm of social media with the free photo and video sharing app, Instagram.

This app is available on Apple iOS, Android and Windows Phone, making it extremely versatile when it comes to being used. It attracts over 1 billion active users each month and is an excellent place to give people an introduction into what you do and what you have to offer.

It doesn’t work for every business, but it’s certainly worth having a presence on as this is certainly going to be one of the major social media channels for years to come.

9. Twitter
Twitter is another free channel that can be used to promote your business for free online. Also as you know, Twitter users are the ones who find out first what is going on in the world, from business news to political shenanigans. If they love and follow your business, you will get impressions, re-tweets, followers, shares, and all the good stuff social media has to offer.
It tends to require a bit more activity to build an audience, but if you’re consistently active, you can master the platform and experience its benefits.

10. You Tube
Many people don't consider YouTube to be a place where you can promote your website. Still, it's the perfect place to upload both promotional and tutorial videos (especially now that YouTube has replaced traditional media as we speak)

11. Targeted Email Marketing
Targeted emails are not only free, but statistically they provide the highest rate of return on the time and effort spent to create and distribute them. You have to have an email list to make this an effective marketing technique, but there are a vast number of ways, 50 of them, to build your email list and make this into your best free advertising.

THIS MORE: https://smartbusinessinfohub.com/promote-your-business-for-free/

I tire for them.

pafra:
In Nairaland.com, people disbelief and critics any positive things from the government.

But believe without confirmation anything negative about the government.

Wellcom to nairaland where 80% of the comments insult the government.

If you want more like just be abusive.

Let the game begins

Nigeria set to launch its Digital currency (eNaira) later this year after CBN barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February.

Central Bank Governor Godwin Emefiele has said the eNaira would operate as a wallet against which customers can hold existing funds in their bank account.

In a statement, Emefiele said the currency would accelerate financial inclusion and enable cheaper and faster.

The Central Bank of Nigeria (CBN) has inked a contract with a digital currency partner as it steps up plans to launch a central bank digital currency (CBDC) in Africa’s most populous country.

The CBN has engaged a Barbados-based fintech company, Bitt, to help deliver a blockchain-based digital currency, which is due to be unveiled ‘later in the year’, the central bank announced this week.

The move comes less than a month after the central bank of Ghana, another sizeable West African state, announced an agreement with German company Giesecke+Devrient (G+D) to test a CBDC.

eNaira-Nigeria Set to Launch its Digital Currency

The CBN said that there had been a ‘significant explosion in the use of digital payments and the rise in the digital economy’ and that its decision to launch the a CBDC ‘follows an unmistakable global trend in which more than 85 per cent of central banks are now considering adopting digital currencies’.

The central bank, which has been running its digital currency explorations under the name ‘Project Giant’, said it had decided to digitise its currency, the naira, in 2017. The planned digital currency, the eNaira, has been developed through what the central bank described as a ‘long and thorough’ process.

CBN’s governor, Godwin Emefiele, listed the benefits to Nigeria of launching a state-backed digital currency as including increased cross-border trade, accelerated financial inclusion, cheaper and faster remittance inflows, easier targeted social interventions, as well as improvements in monetary policy effectiveness, payment systems efficiency and tax collection.

What is eNaira Digital Currency ?
eNaira is a digital currency to be issued by the Nigerian government with the same value as fiat naira (i.e. physical naira notes). It is to be purchased by the general public through FI and transferred into e-wallets maintained by customers.

eNaira-Nigeria Set to Launch its Own Digital Currency

When will eNaira be Launch?
The CBN has announced they will launch a pilot scheme of the eNaira starting on October 1st, 2021.

How will the eNaira Digital Currency work?
The eNaira will work as a digital version of the physical Naira.

Financial institutions licensed by the CBN will be responsible for ID verification, eNaira payment processing, and creating wallets for customers to hold their eNaira

How is eNaira Different from Cryptocurrency?
Cryptocurrency is a decentralised form of encrypted digital currency based on blockchain technology whilst eNaira is a government-controlled digital currency envisaged to be more stable than cryptocurrency as its value is to be at parity with the country’s official currency.

What is the Benefit of eNaira over regular Digital Banking?
Unlike digital banking which involves customers transacting with money maintained by them in a bank, eNaira is actual money earned and maintained by customers in their e-wallets.

Consequently, customers will be able to transact with it like fiat currency without the involvement of intermediaries as is the case with digital banking.

Is eNaira the same thing as Bitcoin?
No, unlike Bitcoin which is a cryptocurrency, the eNaira is a digital currency issued by the government.

This difference has a big impact on the stability of the currency.

For example, the eNaira will maintain the same value as the Naira. Therefore, its value will not rise and fall the way Bitcoin does, also meaning it is not something to invest in to grow your fortunes.

The eNaira simply makes it easier to facilitate transactions digitally without needing to be backed by cash.

Will eNaira affect the Nigeria economy?
For now, we are unclear what impact eNaira will have on the Nigerian economy, if any at all.

However, the CBN believes the eNaira will greatly improve financial inclusion, payment processing, and tax collection, among other things.

Why Central Bank of Nigeria Embrace Digital Currency Now
CBN Assistant Director Mr. Osita Nwanisobi said CBN decision to launch the eNaira coin is following the global trend.

Conclusion
For eNaira project to be successful, a good number of Nigerians (including companies and government agencies) will have to maintain e-wallets.
Nevertheless, eNaira will be troubled by some of the current issues of the country including illiteracy, lack of power, lack of internet coverage, and the volatility of the Nigerian currency.
Central Bank need to enlighten Nigerians on how to really use the new Digital Currency.

Source: https://smartbusinessinfohub.com/nigeria-set-to-launch-its-digital-currency/

thanks

I am following

Have you visited my Signature today?

Click to check it. You will be glad

na wa oooo.

This is getting too much .

Have you visited my Signature today?

Click to check it. You will be glad

I just confirm from my Exchanger last night she said

1$ - N568

We move...May God help us in this country.

I just pray the Dollars shouldn't affect the price of goods much, especially Cements . I get project for hand.

Have you visited my Signature today?

Click to check it. You will be glad

Nigeria set to launch its Digital currency (eNaira) later this year after CBN barred banks and financial institutions from dealing in or facilitating transactions in cryptocurrencies in February.

Central Bank Governor Godwin Emefiele has said the eNaira would operate as a wallet against which customers can hold existing funds in their bank account.

In a statement, Emefiele said the currency would accelerate financial inclusion and enable cheaper and faster.

The Central Bank of Nigeria (CBN) has inked a contract with a digital currency partner as it steps up plans to launch a central bank digital currency (CBDC) in Africa’s most populous country.

The CBN has engaged a Barbados-based fintech company, Bitt, to help deliver a blockchain-based digital currency, which is due to be unveiled ‘later in the year’, the central bank announced this week.

The move comes less than a month after the central bank of Ghana, another sizeable West African state, announced an agreement with German company Giesecke+Devrient (G+D) to test a CBDC.

eNaira-Nigeria Set to Launch its Digital Currency

The CBN said that there had been a ‘significant explosion in the use of digital payments and the rise in the digital economy’ and that its decision to launch the a CBDC ‘follows an unmistakable global trend in which more than 85 per cent of central banks are now considering adopting digital currencies’.

The central bank, which has been running its digital currency explorations under the name ‘Project Giant’, said it had decided to digitise its currency, the naira, in 2017. The planned digital currency, the eNaira, has been developed through what the central bank described as a ‘long and thorough’ process.

CBN’s governor, Godwin Emefiele, listed the benefits to Nigeria of launching a state-backed digital currency as including increased cross-border trade, accelerated financial inclusion, cheaper and faster remittance inflows, easier targeted social interventions, as well as improvements in monetary policy effectiveness, payment systems efficiency and tax collection.

What is eNaira Digital Currency ?
eNaira is a digital currency to be issued by the Nigerian government with the same value as fiat naira (i.e. physical naira notes). It is to be purchased by the general public through FI and transferred into e-wallets maintained by customers.

eNaira-Nigeria Set to Launch its Own Digital Currency

When will eNaira be Launch?
The CBN has announced they will launch a pilot scheme of the eNaira starting on October 1st, 2021.

How will the eNaira Digital Currency work?
The eNaira will work as a digital version of the physical Naira.

Financial institutions licensed by the CBN will be responsible for ID verification, eNaira payment processing, and creating wallets for customers to hold their eNaira

How is eNaira Different from Cryptocurrency?
Cryptocurrency is a decentralised form of encrypted digital currency based on blockchain technology whilst eNaira is a government-controlled digital currency envisaged to be more stable than cryptocurrency as its value is to be at parity with the country’s official currency.

What is the Benefit of eNaira over regular Digital Banking?
Unlike digital banking which involves customers transacting with money maintained by them in a bank, eNaira is actual money earned and maintained by customers in their e-wallets.

Consequently, customers will be able to transact with it like fiat currency without the involvement of intermediaries as is the case with digital banking.

Is eNaira the same thing as Bitcoin?
No, unlike Bitcoin which is a cryptocurrency, the eNaira is a digital currency issued by the government.

This difference has a big impact on the stability of the currency.

For example, the eNaira will maintain the same value as the Naira. Therefore, its value will not rise and fall the way Bitcoin does, also meaning it is not something to invest in to grow your fortunes.

The eNaira simply makes it easier to facilitate transactions digitally without needing to be backed by cash.

Will eNaira affect the Nigeria economy?
For now, we are unclear what impact eNaira will have on the Nigerian economy, if any at all.

However, the CBN believes the eNaira will greatly improve financial inclusion, payment processing, and tax collection, among other things.

Why Central Bank of Nigeria Embrace Digital Currency Now
CBN Assistant Director Mr. Osita Nwanisobi said CBN decision to launch the eNaira coin is following the global trend.

Conclusion
For eNaira project to be successful, a good number of Nigerians (including companies and government agencies) will have to maintain e-wallets.
Nevertheless, eNaira will be troubled by some of the current issues of the country including illiteracy, lack of power, lack of internet coverage, and the volatility of the Nigerian currency.
Central Bank need to enlighten Nigerians on how to really use the new Digital Currency.

Source: https://smartbusinessinfohub.com/nigeria-set-to-launch-its-digital-currency/

Waiting for Mark to response

Kindly check my signature for your business ideas and updates.

Is this food the last super?

How much is a fool goat?

Abeg this food is N1500.

Kindly check my signature for your business ideas and updates

This is outdated information.

Anyway, just add the quotation by 2.

That Saga guy isn’t in a good state so I fear he might want to take a voluntary exit if Nini doesn’t come back.

Anyways, see as Nini executed the prank well.

Saga 0
Nini 2
Biggie 5

This man was already cheating.

Have you visited my signature today?

Sue them..this is not a matter of drink

Have you visited my signature today?

Fun gone bad

Listen to this.

The horrific incident happened last week in Bihor County in north-western Romania, when the wedding guests tossed the groom into the air and failed to catch him.


Kindly check my signature for your business ideas and updates

No be juju be that

Hahaha

AlmonDeLemon:
Add the photo... Then add graphics to the title

top 6 SEO most common mistakes.. This is lovely

Marketing tools are the great push for a small business.

Web design as a business has been booming in recent days.

This is opportunity for those that want to work in a multinational company.