How Does Central Bank Digital Currency Work?

When you hear central bank, the first thing that comes to mind is a country’s apex financial institution, that is, the bank that controls the monetary activities and the activities of banks in a country. But the advent of cryptocurrencies like Bitcoin, Ethereum, and other altcoins had pushed the responsibilities of the central bank beyond … Read more

Benefits of Blockchain in Land Registry

One major topic that has dominated discussions in the real estate sector is the possibility of deploying blockchain to manage property documents and titles. It isn’t just in real estate, the new technology has been deployed in healthcare, judiciary, and cyber security because of its efficiency and transparency. In this article, we will take a … Read more

FX Inflow: How Foreign Currency Inward Transfer Works

Foreign currency inward transfer commonly referred to as FX inflow is foreign currencies sent from another country to the other e.g. money sent from the United Kingdom to the United States. For an individual, it is a currency sent from another country to the domiciliary account of a recipient in another country. The most popular currencies … Read more

What Is GTBank Exchange Rate Today?

Takeaways: USD/NGN exchange on GTB FX sales was $/N1,130 on Tuesday, April 16, 2024, as the Naira continued to rebound both at the parallel market and on NFEM. The bank uses the prevailing exchange rate on the Nigerian Foreign Exchange Market (NFEM). This means dom account holders can sell their foreign earnings to the bank … Read more