Business

CBN’s ENaira Website Goes Live

The Central Bank of Nigeria’s eNaira website has gone live ahead of schedule. And, in the 24 hours following the launch, it received more than a million hits. The CBN stated that eNaira – a central bank-issued digital currency that provides a unique form of money denominated in Naira – would serve as both a medium of exchange and a ...

Read More »

AfDB Approves Policy for Victims of Bank-financed Operations

The Board of Directors of the African Development Bank (AfDB) Group has approved a new policy framework for the Independent Recourse Mechanism (IRM). The IRM provides individuals or communities who are adversely affected by bank-financed operations with an independent mechanism through which they can raise their concerns. They can also seek redress and hold the bank to account for ensuring ...

Read More »