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  CBN seeks e-Naira onboarding at Lagos Trade Fair November 13, 2022 By Onyeaghala Emmanuel Obinna T he  Central Bank of Nigeria, CBN, has urged participants at the ongoing Lagos International Trade Fair, LITF, to be part of history by joining the over one million Nigerians who have downloaded the e-Naira Speed Wallet.  Taking this position at the ‘CBN Special Day’   at the LITF, the apex bank’s Director, Corporate Communications Department, CBN, Mr. Osita Nwanisobi, stated: “The world is fast-moving to a digitised economy and Nigeria cannot be found lagging. Hence, the introduction of the Central Bank Digital Currency, the eNaira, the first of its kind in Africa ranking amongst the best in the world.” He added, “While the CBN will continue to refine, fine-tune and upgrade the platform with additional functionalities in the near term, the eNaira has recorded over 700,000 transactions worth about N8 billion within its first year (October 2022). Thirty-three banks...

Duplicated functions: Reps to abolish NDE, NEMSA November 13, 2022 *Demand 5 years performance assessment report from NDE By Onyeaghala Emmanuel Obinna- PORT HARCOURT House of Representatives Ad-hoc Committee investigating Overlapping Functions of Government Agencies has mulled the abolishment of the National Directorate of Employment (NDE). The committee also recommended the National Electricity Management Agency (NEMSA) for the same purpose. At a continued hearing of the committee, lawmakers said the two agencies have failed to live up to their mandate and instead, costing Nigeria’s taxpayers a lot. According to them, NDE has failed to stem the rising tide of unemployed amongst the teeming youths of the country. For NEMSA, the committee which noted the weak metering system by the electricity distribution companies in the power sector stated that the agency was yet to tackle the issue. The Committee therefore demanded a five year performance assessment report from the NDE for it to ju...