IMF Expert Sees Lifeline for CBN’s E-naira in Mobile Money 

IMF Expert Sees Lifeline for CBN’s E-naira in Mobile Money 

Author: Africa Business Radio July 28, 2023 Duration: 27:37
News Express
Business
An expert in the Africa department of the International Monetary Fund has expressed optimism for the future success of Nigeria's e-Naira, Africa's first central bank digital currency and the world's second.
Despite its underwhelming performance since its launch in October 2021, Jack Ree, a senior economist in the Africa department of the IMF, who conducted a study on the eNaira last year, suggested in an IMF podcast that with some adjustments to its current model, the digital currency could become popular.
However, since its introduction 21 months ago, the e-Naira has struggled to gain traction, with less than one million downloads indicating that Nigeria's vast population has not yet fully embraced it, as this number is less than one per cent (-1%) of the total bank accounts in the banking system.

Tune into News Express from Africa Business Radio for a clear-eyed look at the forces shaping Nigeria's economy. This isn't just headline scanning; it's a dedicated exploration of the financial sector and markets, delivered with a focus you won't find elsewhere. We go beyond the surface noise of daily news to provide context and analysis, yet avoid the narrow jargon that can make trade publications inaccessible. Each episode distills the essential conversations happening right now in boardrooms and on trading floors. You'll hear informed discussions pinpointing what matters for pivotal areas like Investment Banking, Trading, Technology, and Fund Management, while also tracking movements in Alternatives, Commodities, and major Companies. For anyone with a stake in the region's business landscape, this podcast serves as a vital briefing, connecting the dots between sectors to offer a comprehensive, nuanced picture. News Express is your source for understanding not just what is happening, but why it matters for the future of African commerce.
Author: Language: English Episodes: 100

Official website RSS
News Express
Podcast Episodes
Experts Open Capital Market Solutions For University Funding [not-audio_url] [/not-audio_url]

Duration: 31:21
Nigerian Public Universities'over-reliance on government direct funding has beenthe major cause of constant disagreements between the university staff unions and the federal government, which has come to see university f…
Nigeria In As Global Contactless Payment Transactions Hit $10trn [not-audio_url] [/not-audio_url]

Duration: 37:05
Nigeria's active young population that is increasingly technology savvy is setting it up to rapidly play in the deep end of the contactless payment revolution now seen to be racing to $10 trillion in transaction value in…
Nigerian States Must Empower Sources Of Revenue For IGR Expansion [not-audio_url] [/not-audio_url]

Duration: 31:14
Nigerian subnational governments facing the dangerous consequences of the potential collapse of their much relied-upon revenue sourcing channel, the Federation Account Allocation Committee, must rethink their strategy an…
Africa’s Climate Burden Weighs, But Financing Must Avoid Debt [not-audio_url] [/not-audio_url]

Duration: 27:38
Even though it produces historically low carbon emissions and contributes the least to the global climate crisis in comparison to more industrialised continents, Africa has been hard hit by extreme climate change effects…
Modular Refinery Strategy Back As Presidency Weighs Petrol Agony [not-audio_url] [/not-audio_url]

Duration: 27:46
The Nigerian presidency IS contemplating a return to supporting the establishment of modular refineries mainly by small-scale operators as an option to solve the country’s obdurate petroleum agony, according to a letter…
Inflation Exposes Buhari’s Failings As Noose Tightens On Households [not-audio_url] [/not-audio_url]

Duration: 28:21
In the lame duck year of his presidency, President Muhammadu Buhari is finding out every day that all the indices of measuring his management of the economy are exposing him as lacking in the requisite capacity personall…
Nigeria’s Health Sector Holds Massive Investment Opportunities [not-audio_url] [/not-audio_url]

Duration: 30:22
The attention of the global community of investors focused on healthcare has been drawn by a new report to the window of massive opportunities in Nigeria where it says some doses of private capital could help close a fun…
Embattled Ukraine Woos Africa For Trade Sustainability [not-audio_url] [/not-audio_url]

Duration: 31:39
The Ongoing Geopolitical Crisis in Europe has resulted in supply disruptions of various commodities, exacerbated inflation on a global scale, and resulted in multi-year high valuations of goods in the global market at a…

«12345678910»