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    BREAKING NEWS
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    Central Bank of Nigeria (CBN) to Permit eNaira through the U S Dollars

    Posted On 18 Aug 2022
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Abdul Rahman Bangura–

    Photo Credit: iStock

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone – Nigeria’s Central Bank Governor – Godwin Emefiele has made a new announcement about the eNaira, that the eNaira is a central bank digital vouched by law and issued by the CBN as a legal tender. And it’s the digital configuration of the Naira utilized as a cash.

    The CBN Governor declared that from next week, Nigerians would be eligible to transact on eNaira wallet through the Unstructured Supplementary Service Data code on mobile phones.

    He reaffirmed that, Emefiele Nigerians could similarly open an eNaira wallet on any phone of their choice through the designated USSD code. Nigerians would only keep to dial *997# from their phones to carry out transactions on their phones. The CBN Governor noted.

    Emefiele published these at the Grand Finale of the 2022 eNaira Hackathon in Abuja on Thursday, August 18th, 2022.

    “Nigerians, both banked and unbanked, will be able to open an eNaira wallet and conduct transactions by simply dialing *997 from their phones.

    “Shortly after this, both merchants and consumers with bank accounts can use the NIBSS Instant Payment (NIP) to transfer and receive eNaira to any bank account.

    “This will further deepen the integration of the eNaira with the existing national payment infrastructure”.

    “The CBN will increase the level of Financial Inclusion in the Country because just like the Naira, the eNaira is expected to be accessible to all Nigerians. And would provide more possibilities to bring in the unbanked into the digital economy”.

    Emefiele said, “We feel delighted with what we are doing in the area of the Central Bank Digital Currency, CBDC. What we are doing in the area of eNaira is attracting the interest of different countries in the world,” the revealed during an experience-sharing tour of the CBN’s CBDC (eNaira) by officials of the Bank of Uganda in Abuja.

    He remarked that, the CBN had been obtaining a lot of enquiries from central banks in Africa and several facets of the world that were aimingng to comprehend what the bank was achievingving. 

     

    Current Outbreak of Coronavirus (COVID-19) Disease- Coronavirus advisory information, World Health Organization & United States, Centers for Disease Control and Prevention

    Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans.

    Coronaviruses are zoonotic, meaning they are transmitted between animals and people.  Detailed investigations found that SARS-CoV was transmitted from civet cats to humans and MERS-CoV from dromedary camels to humans. Several known coronaviruses are circulating in animals that have not yet infected humans.

    Common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death.

    Standard recommendations to prevent infection spread include regular hand washing, covering mouth and nose when coughing and sneezing, thoroughly cooking meat and eggs. Avoid close contact with anyone showing symptoms of respiratory illness such as coughing and sneezing. Source- WHO

    who.int/emergencies
    Coronavirus Q&A, World Health Organization
    who.int/news-room
    Coronavirus condition overview, World Health Organization
    who.int/health-topics
    United States, Centers for Disease Control and Prevention
    cdc.gov/coronavirus/2019-ncov

    NEW AFRICA BUSINESS NEWS
    ADVERTISING OPPORTUNITY. CONTACT:  ADVERTISING@NEWAFRICABUSINESSNEWS.COM

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent
    About the Author
    New Africa Business News Staff Correspondent
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    $1.1 Billion Senegal's postponed Ndayane Deep Waterport to be Constructed in Coalition with DP World

    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

    $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa's established Broadband Coverage by 2030

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    • $1.1 Billion Senegal’s postponed Ndayane Deep Waterport to be Constructed in Coalition with DP World
    • A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validated by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development
    • $100 Billion in Investment is needle for the Modernization and Harmonization of Regulatory Framework to boost Africa’s established Broadband Coverage by 2030
    • Nigeria Launches National Domestic Payments Card Program
    • In Guinea-Bissau, ECOWAS Parliament held a 3 Day Seminar on the Adoption of a Single Currency for Member African States

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