The Central Bank of Nigeria (CBN) has unveiled two new digital initiatives—the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution.

Last year, the CBN made several attempts to stabilise the naira, the latest being the introduction of the Electronic Foreign Exchange Matching System, which has boosted transparency in the market.

The Central Bank of Nigeria (CBN) has unveiled two transformative digital solutions—the Document Flow (DocFlow) System and the Ministries, Departments, and Agencies (MDAs) Naira Payment Solution.

Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, has vowed to tackle the commoditisation ( buying and selling) of Naira notes, which has become widespread in the country.

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