NEWS
IMF Backs A Global Central Bank-backed Digital Currency Network
Global CBDC: IMF Working on Global CBDC Platform Concept
In a bid to foster efficient and fairer international transactions, the International Monetary Fund (IMF) is actively developing a global platform for Central Bank Digital Currencies (CBDCs), Reuters reported.
IMF Managing Director Kristalina Georgieva emphasized the need for interoperability between countries during a conference attended by African central banks in Rabat, Morocco, on Monday. Unlike decentralized cryptocurrencies, CBDCs are digital currencies controlled by central banks.
Georgieva stated that CBDCs should transcend national boundaries and not remain fragmented propositions within individual countries.
To achieve this, she said that the IMF has been working towards a common regulatory framework that will enable seamless global interoperability for CBDCs.Failure to establish such a platform could create a void that cryptocurrencies will likely fill, she added.
Backing the ‘official’ digital currency
Georgieva highlighted that 114 central banks worldwide are already exploring CBDCs, with approximately 10 having made substantial progress in their implementation.
She also stressed that the potential of CBDCs would be underutilized if they were solely developed for domestic use. By connecting countries and facilitating cross-border transactions, CBDCs could enhance financial inclusion and reduce the costs of remittances. Currently, the average cost of money transfers amounts to 6.3 per cent, equivalent to $44 billion annually.
Georgieva further emphasized the importance of backing CBDCs with assets. While acknowledging the investment potential of cryptocurrencies backed by assets, she cautioned against speculative investments in cryptocurrencies lacking such support.
Tracking the global rise of CBDC
The rise in CBDC exploration is evident as per US-based think tank Atlantic Council, with 114 countries—representing over 95 percent of global GDP—actively considering or advancing CBDC projects. In contrast, in May 2020, only 35 countries were contemplating CBDCs. Presently, 60 countries are in an advanced exploration phase, including development, pilot testing, or launch.
Eleven nations have already fully launched their CBDCs, with China’s pilot project reaching approximately 260 million people and expanding across the country in 2023. The most recent addition to the list is Jamaica, which introduced its own CBDC called JAM-DEX.
The imposition of financial sanctions on Russia has spurred countries to seek alternative payment systems that circumvent the dominance of the U.S. dollar. As a result, there are currently nine cross-border wholesale CBDC tests and seven cross-border retail projects, almost double the number compared to the previous year.
Throughout 2023, more than 20 countries are expected to take significant steps towards piloting their CBDCs. Australia, Thailand, Brazil, India, South Korea, and Russia intend to commence or continue pilot testing next year. Additionally, the European Central Bank (ECB) is likely to initiate its CBDC pilot in the near future.
As of December 2022, all G7 economies have transitioned from research to the development stage of CBDCs. Notably, the New York Federal Reserve’s wholesale CBDC experiment, Project Cedar, propelled the United States into the development phase.
Among the G20 countries, 18 have reached the advanced stage of CBDC development, with seven already in the pilot phase. Almost every G20 nation has made substantial progress and allocated significant resources to CBDC projects in the past six months.
Source:- Wionews
ARTICLES
God’s Family Church (Gospelogy Eden) Lagos – Pastor Apha Ministry, Location, Teachings & Community
God’s Family Church, also known as Gospelogy Eden, is a Christian faith-based ministry in Lagos, Nigeria. The church was founded by Pastor Apha with a mission centered on teaching the word of God with clarity, love, and truth. It serves as a spiritual community committed to nurturing believers and spreading the message of Jesus Christ.
GOSPELOGY
A central concept of the ministry is Gospelogy, defined as the practical application of the Word of God to manifest divine realities and reflect God’s nature in everyday life.
Gospelogy represents a lifestyle of intentional faith, where believers are equipped not only with knowledge of scripture but also with the discipline to live out its truths consistently.
OVERVIEW
God’s Family Church is a growing Christian community focused on restoring individuals to God’s original design for humanity. The ministry emphasizes spiritual transformation, faith-building, and a deep understanding of biblical principles. Through its teachings, the church aims to inspire believers to live purposeful and joyful Christian lives.
TEACHINGS AND DOCTRINE
The teachings at Church Eden are rooted in biblical truth and often revolve around key themes such as:
•Returning to God’s original plan and purpose for mankind
•Spiritual growth and maturity in Christ
•Prosperity through faith and righteous living
•Experiencing the joy and fulfillment of the Christian life
The church encourages practical application of scripture, helping members integrate faith into their daily lives.
COMMUNITY AND ACTIVITIES
God’s Family Church fosters a strong sense of community among its members. In addition to physical gatherings, the church actively engages in online fellowship, where believers participate in:
•Daily and weekly prayers
•Faith-based teachings and discussions
•Inspirational messages and spiritual insights
These activities are designed to strengthen faith, build unity, and support members in their spiritual journey.
MISSION AND VISION
VISION
The vision of God’s Family Church is rooted in Gospel of Luke 1:17:
“To make ready a people prepared for the Lord.”
This vision reflects the church’s commitment to raising spiritually prepared individuals who are aligned with God’s purpose and ready to fulfill His calling.
MISSION
The mission of the church is:
“To impact lives with Gospelogy for a disciplined lifestyle.”
Through this mission, the ministry focuses on building believers who are spiritually grounded, morally disciplined, and guided by the principles of God’s Word.
LOCATION
God’s Family Church (Eden) is located at:
No. 31 Nelson Cole Avenue, beside Sterling Bank, Off Iju Road, Agege, Lagos, Nigeria.
CONCLUSION
God’s Family Church (Eden) continues to impact lives through its dedication to biblical teaching, community building, and spiritual development. Under the leadership of Pastor Apha, the church remains committed to spreading the gospel and helping believers grow in faith and purpose.
In the heart of Nigeria’s vibrant fashion scene, Lass B Celebrity Butik stands out as a premier destination for luxury fashion enthusiasts.
Lass B International Limited, a Nigerian conglomerate, has been making waves in the entertainment and fashion industries since its inception in 1995. Founded with a passion for excellence, the company has expanded its reach to include Lass B Celebrity Butik, Lass B Record Label, and Lass B Luxury Butik, among others.
Over the years, Lass B International Limited has established itself as a household name, synonymous with quality, style, and innovation. The company’s diverse portfolio has enabled it to touch the lives of many, both locally and internationally.
Wake upAs a high-end boutique, The best butik south south 2022 award given by Mr and miss institution Nigeria, Lass B Celebrity Butik offers an exclusive range of footwear, clothing, rings, and other accessories that cater to the most discerning tastes.
Nigeria’s fashion industry is known for its dynamic and eclectic style, blending international brands with local talent.
Luxury Boutique like Lass B Celebrity Butik play a significant role in shaping the Akwa ibom’s fashion landscape, offering a curated selection of high-end products that showcase both global and local designers.
A Fusion of Style and ComfortLass B Celebrity Butik’s motto, “Always leading by quilty,” reflects its commitment to providing customers with exceptional quality and style. The boutique’s product range likely features exquisite footwear, elegant clothing, and statement accessories, all designed to make a fashion statement.
Nigeria’s luxury fashion scene is characterized by its diversity, with boutique like Lass B Celebrity Butik offers unique shopping experiences. The establishments prioritize quality, comfort, and style, making it popular among fashion-conscious individuals.
Get your fashion steeze from head to toe by visiting Lass B Celebrity Butik for your latest fashion steeze at an affordable price.
Whether you’re looking for a statement piece or a complete wardrobe overhaul, the boutique’s expert team is on hand to help you find the perfect look.
Nigeria’s fashion industry has experienced significant growth in recent years, driven by a growing middle class and increased demand for high-end products. Luxury boutiques like Lass B Celebrity Butik are at the forefront of this trend, offering customers a chance to experience the best of global and local fashion.
As the Nigerian fashion scene continues to evolve, Lass B Celebrity Butik remains a key player, showcasing the country’s rich cultural heritage and its ability to blend traditional and modern styles.
Visit their head office at Lass B Luxury Mall – 282 Oron Road Uyo-Akwa Ibom State
The Nigerian music scene is about to witness something truly special as fast-rising, super talented singer and songwriter iDimilan prepares to release a powerful new project titled “Thee (EP)”.
Scheduled to drop on April 29, 2026, this highly anticipated EP is more than just music, it is a journey through life, emotions, growth, and self-discovery. Known for his deep lyrics and meaningful storytelling,
iDimilan delivers a body of work that connects directly to the heart and soul of listeners.
This 7-track project showcases his versatility, creativity, and raw expression, positioning iDimilan as one of the promising voices to watch in the Nigerian music industry.
🎶 Tracklist:
•Pepe Bordi
•Real Girls
•Unique Me
•No Stress Me
•Dem Go Shock
•Ayah
•Message to the Stars
Each track carries a unique vibe, blending motivational themes with relatable real-life experiences, from hustle and self-belief to love, struggles, and hope for a better future.
⚠️ Special Message:
“Don’t smoke while listening. But if you insist, make sure you don’t get lost in your thoughts. And even if you do, remember, there are people here who love you.”
This message perfectly reflects the emotional depth and powerful impact of the project.
With anticipation building fast, iDimilan’s “Thee (EP)” is already shaping up to be one of the most talked-about releases of the season.
📅 Official Release Date: April 29, 2026
🚀 Get ready, greatness is coming.
MUSIC3 weeks agoEMBOSSWRLD – On God
- MUSIC4 weeks ago
Flashiz – No Wayo
- MUSIC3 weeks ago
Sanny Gee ft. Oshamo Jamzzy, CMC Ipash & DJ Seph – One Round
- MUSIC4 weeks ago
Shola Omoemi – Ko Lojo Lórí (Ageless)
- MUSIC4 weeks ago
Full Album: Prince Bankz – Sound From Heaven (Album)
- BIOGRAPHY3 weeks ago
Dhany Brown Biography: Age, Real Name, Songs & Afrobeat Journey
- MUSIC3 weeks ago
MUSIC: Spydaman – Lamentation
- MUSIC3 weeks ago
Deespice ft. Mascara Vibez – Every Hustler
You must be logged in to post a comment Login