CBN Sets To Launch Its Own Digital Currency On Independence Day

July 23, 2021
17 Views

The Central Bank of Nigeria (CBN) has finalized its preparations to introduce its own digital currency. The CBN has set October 1, 2021 as its debut date, according to information provided to Nairametrics by private sources.

Rakiya Mohammed, the CBN’s Director of IT, acknowledged the news during a recent press briefing, noting that the apex bank has been studying digital currency landscape since 2017, and is confident that digital currencies would help it fulfill its aims as the nation’s central bank.

Project GIANT is the name of the digital currency initiative, which will run on the Hyperledger Fabric Blockchain.

You may be interested

BBNaija: ‘Don’t Touch Me Again’ – Angel Warns Cross
News
9 views
News
9 views

BBNaija: ‘Don’t Touch Me Again’ – Angel Warns Cross

Webby - September 15, 2021

Angel BBNaija housemate, Angel has jokingly warned Cross to henceforth keep his hands off her body since he wants them…

Knife-wielding Man Arrested Outside Ariana Grande’s Los Angeles Home
News
8 views
News
8 views

Knife-wielding Man Arrested Outside Ariana Grande’s Los Angeles Home

Webby - September 15, 2021

Ariana Grande The Los Angeles Police have arrested a knife-wielding man who was seen outside of singer Ariana Grande's Hollywood…

Omah Lay’s Girlfriend Reacts After Singer Ended Relationship Few Hours After Flaunting Her On Social Media (Video)
News
8 views
News
8 views

Omah Lay’s Girlfriend Reacts After Singer Ended Relationship Few Hours After Flaunting Her On Social Media (Video)

Webby - September 15, 2021

Omah Lay and girlfriend, Raychee  Omah Lay’s girlfriend, Raychee has begged God for help after the singer ended their relationship…

Leave a Comment

Your email address will not be published.