ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home ICT

NCS Faults CBN’s Choice of Bitt as Technical Partner for eNaira

Business 360 by Business 360
September 27, 2021
in ICT
0

Citing abuse of Executive Order 003 and 005, as well as capital flight that could further plunge Nigeria into deep financial crisis, the Nigeria Computer Society (NCS), the umbrella body of all Information Technology (IT) practitioners in Nigeria, has faulted the decision of the Central Bank of Nigeria (CBN) to choose Bitt Inc. as the technical partner for Nigeria’s digital currency, called eNaira project.

According to NCS, the decision also negates IT policy compliance and framework of the federal government, and should be reversed immediately, to enable CBN look inward among competent Nigerian operators, who can conveniently handle and successfully deliver the project.

Central Bank of Nigeria, through its Director of Corporate Communications Mr. Osita Nwanisobi, recently announced the formal engagement of a global Fintech company, Bitt Inc. as the technical partner for its digital currency, named eNaira project, which is due to be unveiled later in the year.

The CBN’s selection of Bitt Inc, from among highly competitive bidders was hinged on the company’s technological competence, efficiency, platform security, interoperability, and implementation experience.

Previous Post

Asia Stocks Steady; Oil Rises on Tight Supply

Next Post

Nkerewuem onung, ftan President, says no one should be left behind

Business 360

Business 360

Next Post
Nkerewuem onung, ftan President, says no one should be left behind

Nkerewuem onung, ftan President, says no one should be left behind

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

#EndSARS: Protesters receive heavy gun fire at Lekki toll gate

October 21, 2020
SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

SMEs in Nigeria must be ready to grow with or without Government …Evans Edozie, C.E.O., Cospharma Nig. Ltd.

September 21, 2020
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Nigeria’s External Debt Servicing Hits $2.01bn in First Four Months of 2025

Nigeria’s External Debt Servicing Hits $2.01bn in First Four Months of 2025

May 22, 2025
Oyetola Advocates for Nigeria’s Inclusion in IMO Council During Diplomatic Meeting with French Ambassador

Oyetola Advocates for Nigeria’s Inclusion in IMO Council During Diplomatic Meeting with French Ambassador

May 22, 2025
Fidelity Bank CEO Increases Stake Amid Legal Scrutiny, Demonstrates Confidence in Bank’s Stability

Fidelity Bank CEO Increases Stake Amid Legal Scrutiny, Demonstrates Confidence in Bank’s Stability

May 22, 2025
AFEX, GTB Resolve Legal Dispute as Court Adopts Settlement Terms

AFEX, GTB Resolve Legal Dispute as Court Adopts Settlement Terms

May 21, 2025
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

Nigeria’s External Debt Servicing Hits $2.01bn in First Four Months of 2025

Nigeria’s External Debt Servicing Hits $2.01bn in First Four Months of 2025

May 22, 2025
Oyetola Advocates for Nigeria’s Inclusion in IMO Council During Diplomatic Meeting with French Ambassador

Oyetola Advocates for Nigeria’s Inclusion in IMO Council During Diplomatic Meeting with French Ambassador

May 22, 2025
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!