Business News

IMF mulls holistic regulation for cryptocurrency

Ihesiulo Grace 13 December 2021 0

PHILIP CLEMENT ABUJA Due to the wide patronage for crypto currencies, the International Monetary Fund (IMF) says it is considering a global regulation for the digital currency. IMF says the rationale behind the decision is because they believe that the blockchain may damage the conventional

Business Headlines

eNaira to grow Nigeria’s GDP by $29bn in 10yrs—Buhari

Ihesiulo Grace 26 October 2021 0

*Says benefits of the digital currency cuts across different sectors of the economy *eNaira is equivalent to physical currency -Emefiele *Apex bank releases guidelines for digital currency Philip Clement, Abuja President Muhammadu Buhari says the adoption of Central Bank Digital Currency (CBDC), eNaira, can increase Nigeria’s Gross Domestic Product (GDP) by 29 billion

Business

Expert lauds CBN move to introduce digital currency

Ihesiulo Grace 14 June 2021 0

An expert in digital currency management, Dr Chimbo Obieze, has applauded the Central Bank of Nigeria (CBN) for the move to introduce digital currency in the country. Obieze, Executive Director of Dapmanagment Academy, made the commendation in an interview with the News Agency of Nigeria (NAN) in Enugu on Monday. Recall that the CBN on […]

News

Anxiety in the US as China Creates the First Major Digital Currency

Ihesiulo Grace 6 April 2021 0

A cyber yuan gives Beijing power to track spending in real-time. Importantly, it’s money that isn’t linked to the dollar-dominated global financial system. Cyber Yuan vs Bitcoin and Altcoins The cyber yuan is a government-sponsored digital currency designed to track the movement of every penny. Bitcoin promotes anonymity. Apps like Apple Pay, Venmo, Paypal, and

News

‘Why Nigeria, 7 other countries banned digital currency trading’

Ihesiulo Grace 8 February 2021 0

MOTOLANI OSENI No fewer than eight countries across the world including Nigeria have banned crypto trading. Cryptocurrency is a digital currency that can be used to buy goods and services but uses an online ledger with strong cryptography to secure online transactions. Just recently, the Central Bank of Nigeria (CBN), had directed all Deposit Money […]