CBN Not Happy With Commercial Banks

The Central Bank of Nigeria (CBN) has expressed disappointment with Nigerian banks over their lack of commitment to the digital currency, eNaira. Information Guide Nigeria

According to RIPPLES NIGERIA, the CBN lamented that Nigerian banks are not doing much to educate the customers about the many benefits of eNaira platform.

👉 Relocate to Canada Today!

Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to Canada

The Head, Finance Department of the CBN, Aminu Muhammad revealed this while speaking in Kaduna.

Read Other Top News:

Muhammad stressed that financial institutions that are under the purview of the CBN are supposed to play critical roles in growing the economy of the country.

RIPPLES NIGERIA reports that Muhammad was in Kaduna with other Officials of the CBN to enlighten youth corps members, hundreds of students from tertiary institutions in Kaduna state, and other members of the public on the onboarding of stakeholders on the e-Naira platform.

Muhammad said: “Commercial Banks are lagging behind and that is why the CBN is coming in to intervene. For example, the information asymmetry like what we saw when they were talking about the e-Naira in Kano. Kaduna people had that awareness, earlier unlike in Kano, which is because of information asymmetry.” Jamb Result

“There is an imbalance of information as regards the e-Naira, and that is why the CBN has come out to sensitize the public, give people the opportunity to come in so as to block that information asymmetry.”