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CBN’s plan to have a digital currency A revised categorisation of financial companies and accompanying costs Internet speeds in Africa Termii’s Ivory Coast expansion CBN’s plan to have a digital currency Photo by Ewan Kennedy on Unsplash Following efforts by the Central Bank of Nigeria (CBN) to crack down on the use of cryptocurrency, the CBN Governor, Godwin Emefiele, has announced plans by the bank to launch its digital currency. Emefiele disclosed this during the 279th Monetary Policy Committee (MPC) meeting held yesterday in Abuja. Recall that in February, the apex bank ordered all commercial banks to stop facilitating transactions...
