Browsing: CBN

The News Agency of Nigeria reports the unveiling of the naira notes preceded the virtual meeting of the Federal Executive Council (FEC) with a number of cabinet members in attendance.

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

It also mandated the Senate Committee on Banking, Insurance and Other Financial Institutions to assess the impact of CBN intervention funds meant to support critical sectors of the economy.