Former first lady Victoria Aguiyi-Ironsi dies at 97

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  Wife of late Nigerian Military Head of State, Major General J.T.U. Aguiyi-Ironsi, Victoria, is dead. The former First Lady died peacefully on Monday morning, August 23 at the age of 97. She would have been 98 on November 21, 2021. Her husband, and the Supreme Commander of the National Military Government, was killed on July 29, 1966. Chief Mrs. Victoria Aguiyi-Ironsi never re-married.

CBN to launch digital currency on Independence Day

 


The Central Bank of Nigeria (CBN) has announced that it will be announcing its own digital currency on October 1, 2021.

Nairametrics reported that the CBN alongside stakeholders picked Independence Day as its launch date.

According to the publication, CBN's IT Director, Rakiya Mohammed at the conclusion of the 306th Banker’s Committee meeting, disclosed that the apex bank has been conducting research in regards to digital currencies since 2017 and may conduct a proof of concept before the end of this year.

The project name is tagged Project GIANT and it will use the Hyperledger Fabric Blockchain. Nigeria’s central bank further revealed that the importance of eNaira includes Macro management and growth, cross-border trade facilitation, financial inclusion, monetary policy effectiveness, improved payment efficiency, revenue tax collection, remittance improvement, and targeted social intervention.

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