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Nairaland Forum / Nairaland / General / Business / CBN Approves cNGN "Stablecoin" For February Launch (19124 Views)
CBN Approves Unity Bank, Providus Bank Merger / Nigerian Banks Set To Launch Compliant Naira Stablecoin In 2024 / Exchange USDT Or Other Stablecoin For USD(fiat) In Nigeria (2) (3) (4)
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Re: CBN Approves cNGN "Stablecoin" For February Launch by AuthorMan: 9:24pm On Jan 05 |
Elemosho478: And what is so encouraging about the worth of the naira. As the naira keeps falling according to your analysis the stable coin can never be stable. It falls along. Stable coin indeed. |
Re: CBN Approves cNGN "Stablecoin" For February Launch by Oladhips(m): 9:27pm On Jan 05 |
Wahala ![]() No go lose guard oo ![]() |
Re: CBN Approves cNGN "Stablecoin" For February Launch by Yankee101: 9:27pm On Jan 05 |
Give us your money and take online money Itβs 419 1 Like |
Re: CBN Approves cNGN "Stablecoin" For February Launch by panpan(m): 9:28pm On Jan 05 |
The International Monetary Fund (IMF) asked the Central Bank of Nigeria (CBN) to introduce central bank digital currency (CBDC or enaira). Not surprisingly, the adoption was extremely low. The CBN then went on a cash confiscation project, probably to test the waters, to know whether they can use that as an excuse to force enaira on the population. Fortunately, the cash confiscation project also failed. At present, a more gradual cash scarcity has been introduced. The CBN is still determined to bring forth central bank digital currency; this time, it is called Nigeria Naira (cNGN) stablecoin. The IMF is not interested in Nigeria's development. The IMF's goal is to control the finances of the Nigerian population. 2 Likes 1 Share |
Re: CBN Approves cNGN "Stablecoin" For February Launch by emmak2k4(m): 9:29pm On Jan 05 |
nlfpmod: So after all said and done nairametircs didnβt show us how to log in and register to start using cNGN, nothing without people. |
Re: CBN Approves cNGN "Stablecoin" For February Launch by Abee79(m): 9:34pm On Jan 05 |
What's the point of this innovation? I really want to know 1 Like |
Re: CBN Approves cNGN "Stablecoin" For February Launch by Bmaster(m): 9:35pm On Jan 05 |
accordadoga21: ![]() You must be very stupeed,if peradventure you still believe some people own Lagos. Lagos is our collective inheritance,all of us as Nigerians owns Lagos just like Abuja. So it is wise to say it is a no man's land Can you just imagine after nyesom wike built Abuja just as he is doing now with our Tax payers money, tomorrow some idiots from the tribe that happens to speak the most language in Abuja will wake up tomorrow to start forming indigenes. ![]() |
Re: CBN Approves cNGN "Stablecoin" For February Launch by hammerFC: 9:35pm On Jan 05 |
Promise47:SORRY SIR! |
Re: CBN Approves cNGN "Stablecoin" For February Launch by coputa(m): 9:45pm On Jan 05 |
It's value will be pegged to the Nara and inflation will rubbish it. This government is daft, they want to follow short cut,it won't work. They have to fix the economy first |
Re: CBN Approves cNGN "Stablecoin" For February Launch by panpan(m): 9:46pm On Jan 05 |
Abee79: The purpose of this innovation is control. At present, if an individual "misbehaves", and his bank account gets frozen by the federal government; the person can go to court and seek relief, or he may decide to operate out of the banking system with cash. However, with the elimination of cash and the enforcement of digital currency nationwide, it becomes easy for the federal government to block or delete a digital account, without the use of the courts or commercial banks. This control also extends to nations; if a country does not do the bidding of a foreign or international group, instead of imposing economic sanctions, it would be easy to block or delete that country's digital account. 3 Likes |
Re: CBN Approves cNGN "Stablecoin" For February Launch by fineboynl(m): 9:52pm On Jan 05 |
There is a fee with blockchain transaction and miners. I just wonder with the fees will be like. |
Re: CBN Approves cNGN "Stablecoin" For February Launch by hammerFC: 9:54pm On Jan 05 |
panpan: YES, THAT IS THEIR PLAN. FIRST, LET THEM FIGHT AND WIN THE WAR OR FAIL. U DONT SEE THE WHOLE WORLD IS ALREADY FIGHTING? EVEN HERE IN NIGERIA, GOV MUST FIRST WIN THE WAR. WE WONT EVER ALLOW SUCH SUCCEED. |
Re: CBN Approves cNGN "Stablecoin" For February Launch by Abee79(m): 9:56pm On Jan 05 |
panpan: Thanks π 1 Like |
Re: CBN Approves cNGN "Stablecoin" For February Launch by LOVEGINO(m): 9:59pm On Jan 05 |
gwanggaeto:d ancient leaders don dey wake up ![]() 1 Like |
Re: CBN Approves cNGN "Stablecoin" For February Launch by NOwazobia: 10:04pm On Jan 05 |
BreconHills:It is because the loudest Nairaland members don't believe in Cryptocurrency. They attribute it to ponzi. You can see that one Olodo is already calling it pump and dump. explaining nonsense on what his little brain could understands about crypto. πͺ |
Re: CBN Approves cNGN "Stablecoin" For February Launch by wealthyvic1: 10:07pm On Jan 05 |
accordadoga21: You are a useless pig |
Re: CBN Approves cNGN "Stablecoin" For February Launch by hammerFC: 10:10pm On Jan 05 |
accordadoga21: AT THIS LATE STAGE IN YOUR LIFE, U NO SABI CITY. CAPITAL CITY MEANS NOTHING TO YOU? THE LAGOS WE REFER TO IS THE CITY NOT VILLAGES. |
Re: CBN Approves cNGN "Stablecoin" For February Launch by aywagze(m): 10:21pm On Jan 05 |
When will binance list it ![]() 1 Like |
Re: CBN Approves cNGN "Stablecoin" For February Launch by hustla(m): 10:33pm On Jan 05 |
Confused and foolish Just like the last government |
Re: CBN Approves cNGN "Stablecoin" For February Launch by TheBillyonaire: 10:54pm On Jan 05 |
The wrestling between the 'owners of eNaira and cNaira has entered and interdmensional phase. cNaira will be more amazing. eNaira project was hijacjed by America. ECO was hijacked by France, cNaira is Tinubu;s best move in his life. He will have password to the number generating AI database and create money from electrons, I think with this, Nigeria might rival top world powers. We will create money for construction jobs and construction loans. 1 Like |
Re: CBN Approves cNGN "Stablecoin" For February Launch by Nolevel666: 11:15pm On Jan 05 |
We need a unified african currency. Letβs dump the U.S dollar 2 Likes |
Re: CBN Approves cNGN "Stablecoin" For February Launch by FBIBOT(m): 11:55pm On Jan 05 |
Lol enaira nko.... π π π Just wasting resources on nonsense 1 Like |
Re: CBN Approves cNGN "Stablecoin" For February Launch by tsdarkside(m): 12:08am On Jan 06 |
just watch how ibos will condem it.... if it was a ibo that launches it they would be jubilatin.... |
Re: CBN Approves cNGN "Stablecoin" For February Launch by besayag: 12:29am On Jan 06 |
Bacteriologist:eburst ππ |
Re: CBN Approves cNGN "Stablecoin" For February Launch by Countersam(m): 12:30am On Jan 06 |
Ernerstdavid55: Hamush they give you? This year 2024 we no want unnecessary noise for this forum. #nogreeforanybody ![]() 1 Like |
Re: CBN Approves cNGN "Stablecoin" For February Launch by epainos: 1:03am On Jan 06 |
Govt should just focus on infrastructural developments for the near future. Nigeria will "japa" from all loans it has taken by splitting. Na the old United Nigeria collected loans... and the new nations from it won't repay the loans. Lol. Invest with anything naira and slaughter yourself. May I never perish with Nigeria. I am looking forward to travelling as a foreigner to other regions very soon.. ![]() 1 Like |
Re: CBN Approves cNGN "Stablecoin" For February Launch by franugo(m): 2:08am On Jan 06 |
INTEGRITYA1: Where are the features stated? The news has nothing credible, just general propaganda,doesn't provide any information on how the cngn will actually revolutionise payment or enable you make payment globally as advertised. |
Re: CBN Approves cNGN "Stablecoin" For February Launch by Loandbehold: 2:47am On Jan 06 |
hammerFC: You have no idea what you are talking about. Stablecoins exist and are cryptocurrencies that are infact stable like usdt, busd, usdc etc. Nigeria is a joke and anyone looking for naira or a stablecoin tied to it is joking with their finances. |
Re: CBN Approves cNGN "Stablecoin" For February Launch by AzaHub(f): 3:26am On Jan 06 |
Well, we were Just PASSING BY.
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Re: CBN Approves cNGN "Stablecoin" For February Launch by AzaHub(f): 3:29am On Jan 06 |
victorigwe:Makes sense. Join us at AzΓ Hub |
Why CBN Extended BVN Registration Deadline To Oct 31 / CBN Ban On OMO Threatens N9.4 Trillion Pension Investment Returns / FOREX: FG Orders CBN To Abolish Parallel Market - Leadership
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