NewsReports

• Unease over how digital currency will affect financial intermediation• Nigeria joins Bahamas, Sweden, Cambodia, South Korea as pioneers of CBDC• ‘It’s elitist but will enhance the efficiency of payment system’• We are ready for rollout, CBN insists Nigeria makes history today as it becomes the first African country to digitise its currency, an exercise the Central Bank of Nigeria (CBN) …

Although he has been reluctant to declare bandits operating in Northern Nigeria as terrorists, President Buhari said Sunday that “they are essentially no different to Boko Haram” in some areas. Mr Buhari’s spokesperson, Garba Shehu, said this in response to the UK based news magazine, The Economist, which reported that the security situation in Nigeria was getting worse under Mr Buhari. …

The World Bank has blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in its 2021 fiscal year 2021, a new report has revealed. A list of debarred individuals and firms was presented in a new annual report titled World Bank Group Sanctions System FY21. The debarments were made by the World Bank Sanctions …

The Anambra State Government has adopted Saturday as a school day to replace Monday, which has been marked as the sit-at-home day by the Indigenous People of Biafra. This was made known in a recent memo by the government titled, ‘Anambra State Government Approves Saturday as School Day’, adding that Saturday classes commence on October 30, 2021. The statement read, …

The Central Bank of Nigeria has finally launched its Central Bank Digital Currency called eNaira on Monday. The eNaira was scheduled to be launched on October 1, 2021, but was moved due to a clog of activities billed for Nigeria’s 61st-anniversary celebrations. The Digital Currency has two applications – eNaira speed wallet and eNaira merchant wallet, which were launched on …

• Want state of emergency on security• Sokoto gov seeks reversal of telecom shutdown• Nigeria sliding into anarchy, CAN youth wing laments• Kaduna Anglican Bishop urges Buhari to save the nation from the brink of collapse Nigeria’s 36 House of Assembly speakers have called on President Muhammadu Buhari to declare bandits as terrorists and enemies of the nation. This was their …

Nigerians trading cryptocurrency on Luno will be able to deposit and withdraw in local currency from November, the trading platform said on Monday. “We’re thrilled to announce that deposits and withdrawals in Naira will resume on the Luno platform in November,” Luno told its users in an email. The ban on cryptocurrency forced changes in the operations of Luno and other …

The National Universities Commission (NUC) has picked six federal universities for the Sustainable Procurement, Environmental and Social Standards Enhancement (SPESSE) Project. The News Agency of Nigeria (NAN) reports that the project is scheduled to be launched by the Vice-President, Prof. Yemi Osinbajo, at NUC on Thursday. NAN reports that the SPESSE aims to establish strategic partnerships with leading international research …

The Pentecostal Fellowship of Nigeria (PFN) yesterday in Abuja cautioned Christians against amplifying the country’s problems and challenges but to pray ceaselessly for the nation and its leaders. “Christians should not amplify the challenges or problems of the country, but pray and fill the vacuum of worries and anxieties with prayers. “God is showing mercy to our country and we …

Governor Nyesom Wike of Rivers, says the state is not fighting the Federal Government or any of its agencies over collection of Value Added Tax (VAT) as being insinuated in some quarters. Speaking on Sunday in Abuja at a public lecture entitled: “Taxing Powers in a Federal System” to mark the 60th birthday of Mr Ahmed Raji (SAN), Wike said …