Daily Archives: November 17, 2023

IMF chief urges more proactive push for central bank digital currencies … Only Nigeria, 10 others have so far launched

The head of the International Monetary Fund (IMF) has urged countries to make a more proactive push to develop central bank digital currencies (CBDC).
Eleven countries, including a number in the Caribbean, and Nigeria, have already launched CBDCs. Around 120 others are exploring them, although progress and approaches differ widely and a few have even abandoned the idea altogether.

Tinubu’s policies “could usher new consumer class”, attract investment for Nigeria – Morgan Stanley

Global investment bank, Morgan Stanley has said the economic reforms made by the current president of Nigeria, Bola Tinubu, may lead to a strong increase in annual income despite the challenge they pose for economic growth.

UBA cements leadership status, crowned African champion of the year 2023

Africa’s global bank, United Bank for Africa (UBA) Plc, has been named the African Champion of the Year 2023 at the just concluded Africa Financial Industry Summit, held in Lome, Togo.