Breaking
UK To Make New Digital Currency That Could Be Known as “Britcoin”
The UK government is exploring the possibility of creating a new digital currency that could be known as Britcoin”.
The Bank of England and the Treasury said on Monday, April 19, that they will work together to assess the benefits of a central bank digital currency amid reports cash payments are generally on the decline, partly as a result of the coronavirus pandemic.
The bank said the new currency if it comes to pass, would be a new form of digital money for use by households and businesses and would exist alongside cash and bank deposits, rather than replacing them.
“The Government and the Bank of England have not yet made a decision on whether to introduce a CBDC in the UK, and will engage widely with stakeholders on the benefits, risks and practicalities of doing so,” the BoE said in a statement.
At the financial industry conference, British finance minister Rishi Suna said: “We’re launching a new task force between the Treasury and the Bank of England to coordinate exploratory work on a potential central bank digital currency (CBDC).”
“Our vision is for a more open, greener, and more technologically advanced financial services sector,” he told a fintech conference. “And if we can capture the extraordinary potential of technology, we’ll cement the UK’s position as the world’s preeminent financial center.
Soon after, Sunak tweeted the word “Britcoin” in reply to the finance ministry’s announcement of the taskforce.
Breaking
NIPOST seeks partnership with Lagos government to boost e-commerce in Nigeria
The Nigeria Postal Service (NIPOST) has said it is working on a close partnership with the Lagos State Government to boost e-commerce in the state.
The Postmaster-General/Chief Executive Officer of NIPOST, Ms. Tola Odeyemi stated this on Wednesday during a courtesy visit to the State Governor, Mr. Babajide Sanwo-Olu.
According to her, a partnership with Lagos State would enable the Service to optimize last-mile delivery and ensure seamless connectivity within the city and across the nation.
“The e-commerce sector is rapidly expanding, and Lagos is at the forefront of this growth. Through enhanced postal and logistics services, we aim to support small businesses and individuals participating in e-commerce,” she stated.
While noting that one of her primary goals, as the Postmaster-General, is to foster strategic partnerships that would enhance the efficiency and relevance of NIPOST’s services in a rapidly evolving world, the NIPOST boss said:
“I see Lagos State as a critical partner in achieving this vision, given its status as the economic hub of Nigeria.”
Odeyemi said the courtesy visit to Governor Sanwo-Olu shows the importance of partnership in governance and service delivery, saying NIPOST is ready to collaborate with the Lagos State Government to drive innovation, boost economic development, and enhance public service delivery.
She also praised the Babajide Sanwo-Olu administration for several programs held in December that attracted many people in the diaspora to travel to Lagos for ‘Detty December.’
Speaking earlier, Governor Babajide Sanwo-Olu charged the Postmaster-General to challenge the status quo for a sustainable change for today and future needs.
He urged the Nigerian Postal Service to use technology as an enabler to enhance the ease of doing business in Lagos State and Nigeria.
The Governor also reiterated the commitment of the Lagos State Government to collaborate with the NIPOST office service centres to improve its physical spaces and enhance e-commerce as well as the movement and sales of goods.
“You and your team need to think outside of the box make a difference and revamp NIPOST. Don’t be shy about challenging the status quo.
“Don’t be shy about saying you want to change what you met because the people who created those things several years ago did what was obtainable then. If you want an organisation that will meet today’s and future needs, change is a reality,” Governor Sanwo-Olu advised the Postmaster-General.
Breaking
Senator Ifeanyi Ubah dies at 52
The Senator representing Anambra South in the National Assembly, Ifeanyi Ubah, is dead.
Ubah, who was the Chief Executive Officer of Capital Oil, was said to have died in a hotel in London, the United Kingdom, on Saturday.
He would have been 53 on September 3.
Senate spokesperson, Yemi Adaramodu, confirmed Ubah’s death to our correspondent on Saturday.
He said, “It’s confirmed, but I am sending an official statement soon.”
Ubah, who was re-elected into the 10th Senate under the Young Peoples Party, had last year defected to the All Progressive Congress.
In September 2022, Ubah escaped assassination when he was attacked by gunmen on his way to Nnewi in Enugwu-Ukwu in Anambra State.
Breaking
JUST IN: Edo state Assembly impeaches Deputy Governor Shaibu
The Edo State House of Assembly, on Monday, impeached the state’s Deputy governor, Comrade Philip Shaibu.
The impeachment followed the adoption of the report of the seven-man investigative panel set up by the Assembly to probe allegations of misconduct against Shaibu.
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