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Technology Market / HP Printer by zhunterz: 11:16pm On Sep 29, 2021
This HP Printer is available for sale.

Everything is intact and the body has no scratch, just refill the cartridge and enjoy.

13k

Location: Owerri

Politics / Re: ACM AMOS SOBOSU: Burial Poster Of 22-Year-Old Nigerian Soldier Killed by zhunterz: 1:36pm On Sep 18, 2021
Rip soldier!

1 Like

Business / E-naira Launch: Six Things You Should Know by zhunterz: 1:27pm On Sep 18, 2021
Soonest Nathaniel 


In June 2021, the Central Bank of Nigeria (CBN) announced plans to launch a digital currency dubbed the ‘e-Naira’ by October 2021, joining  81 countries strongly considering digital currencies.

The CBN’s decision followed two years of contemplation on digital currency technology. Additionally, the CBN’s intention to achieve 80% financial inclusion by the end of 2021 is another motivation to launch digital money.

While there is much information about this digital currency which is soon to be launched, below are six things you should know about the nature of this innovation: 

It is purely digital.

The e-Naira would be a Central Bank Digital Currency (CBDC) which means that while it is regulated by the CBN, it is a token that would only exist in digital and electronic form.

It is universally transferable.

The CBDC would be eligible for local and international transfers with little to no time lag and cheaper transaction fees than physical currencies. Also, it would allow you to transfer existing funds in your bank to your digital currency account.

It has a myriad of economic advantages

With the e-Naira, Nigerians can engage in easier cross-border trade, as well as enjoy a cheaper and faster inflow of remittances. Also, a digital currency would provide more financial opportunities for Nigerians as they would be able to create new business opportunities and financial products and services. 

According to the CBN, another perk of the e-Naira is a reduction in the cost of operations and cash management. It would also leave a clearer footprint of digital transactions, making it easier for financial institutions to track transactions.

Financial Institutions would still be relevant

The digital currency would be implemented through a two-tiered model which would enable a structure that leaves room for public-private partnership. Just like the physical currency, the CBN will design the e-Naira but disseminate it through regulated financial institutions, which would then provide digital cash to individuals and businesses.

It’s not a Cryptocurrency

While all cryptocurrencies are digital currencies, it is important to note that not all digital currencies are cryptocurrencies. The e-Naira would be regulated by the Central Bank of Nigeria, but cryptocurrencies are not regulated by any government.

Implementation is on track

A recent development in the process of implementing digital currency is the selection of a technical fintech partner, Bitts Inc. After a thorough selection process, as prescribed by the Nigeria Public Procurement Act, Bitts Inc. emerged as a partner to the CBN for this innovative project.

Bitts Inc. prioritises the creation of payment systems that ensures an increase in social inclusion, financial inclusion and overall sustainable economic growth; the excellence in their operation methods has earned them acknowledgment from the Bretton Woods Institutions – IMF/World Bank. This is one of the reasons the CBN enlisted them for this crucial exercise.

Also, the company was the first fintech to digitize a national currency on a blockchain by creating a synthetic CBDC with the support of the Governor, Central Bank of Barbados and the country’s Minister of Finance.

As Nigeria counts down to her 61st Independence Day celebration, citizens can look forward to the start of a digital era where the CBN prioritises making financial operations more citizen-centric.

According to the Geo-economics Centre, the Bahamas, Saint Kitts and Nevis, Antigua and Barbuda, Saint Lucia, and Gernada are five countries that have fully launched digital currencies; if things go according to plan, Nigeria will be amongst them.



https://www.channelstv.com/2021/09/17/thirteen-days-to-launch-of-e-naira-here-are-six-things-you-should-know/


https://www.youtube.com/watch?v=F0oa01g2sHg&t=34s

Crime / Re: Is There Any Law Banning Making Of Calls At Police Checkpoints by zhunterz: 8:02am On Aug 27, 2021
The last time I checked, there is no law on that. But, prevention they said is better than cure.

Na person wey dey alive dey give life witness account.

5 Likes

Politics / Re: Open-grazing: Uzodinma Will Be Excommunicated In Igboland, Says Ohanaeze Ndigbo by zhunterz: 8:01am On Aug 27, 2021
nony43:
Uzodinma should live in Abj or Abroad after his fraudulent eight years.

Are you the one that will give him 8 years?

Pity for Imolites nah
TV/Movies / Re: 65" Polystar TV Distress Sale 290k by zhunterz: 8:31pm On Aug 20, 2021


Sold

Celebrities / Re: Francis Mossman Dies At 33 by zhunterz: 8:27pm On Aug 19, 2021
RIP to him.
TV/Movies / Re: 65" Polystar TV Distress Sale 290k by zhunterz: 3:27pm On Aug 19, 2021
Omcd:


Contact

+234 904 146 8299
Family / Re: House Clearance Sales.. Come In Here!!!! by zhunterz: 4:00am On Aug 19, 2021
FineUsername:


Sent you mail, no response. Kindly drop your number.

Let's talk +234 904 146 8299
TV/Movies / Re: 65" Polystar TV Distress Sale 290k by zhunterz: 9:09pm On Aug 18, 2021
Still available
Family / Re: House Clearance Sales.. Come In Here!!!! by zhunterz: 9:02pm On Aug 18, 2021
FineUsername:


Yes.

Please someone should help with that trusted escrow username.

Thanks.

So who will take care of the way bill? Mind dropping your number?
Family / Re: House Clearance Sales.. Come In Here!!!! by zhunterz: 3:42pm On Aug 18, 2021
FineUsername:


Abuja.

I m in owerri, IMO state Sir. What's the possibility?
Family / Re: House Clearance Sales.. Come In Here!!!! by zhunterz: 3:07pm On Aug 18, 2021
FineUsername:


Seen, 210k. Should we activate escrow?

Your location?
TV/Movies / Re: 65" Polystar TV Distress Sale 290k by zhunterz: 11:51am On Aug 18, 2021
shoskid:
Your location. I'll buy it if you are in ibadan

This is Zontage, location is Owerri
Family / Re: House Clearance Sales.. Come In Here!!!! by zhunterz: 11:50am On Aug 18, 2021
FineUsername:


Still in carton or it has been used a bit? Pic.

Will it fly for 200k?

Never been used Sir.

The pics is on my signature, NL ban my account till 2031
Travel / Re: Fourteen Persons Die In Jigawa Auto Crash by zhunterz: 11:47am On Aug 18, 2021
RIP to the dead. Quite unfortunate way to die.
Business / Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by zhunterz: 11:21am On Aug 18, 2021
SimplyFacts:


2031? Lol,,,, dem for kuku tell you not to visit NL again.

No be small thing
Business / Re: CBN To Freeze Risevest, Bamboo Accounts for "Illegal FX Transactions" by zhunterz: 9:44am On Aug 18, 2021
Blaqstick:

How much

Hello, this is Zontage, NL gave me ban till 2031 cheesy

290k, make your offer
Family / Re: House Clearance Sales.. Come In Here!!!! by zhunterz: 9:43am On Aug 18, 2021
** This is a distress sale**
brand new 65 inches polystar tv, sealed with receipt available. selling because i have urgent need to settle.

features;
andriod 9.0
netflix
frameless
led
youtube
facebook
whatsapp
google play store
browser
miracast
bluetooth etc

290k
Location: Owerri

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