The Central Bank Governor, Godwin Emefiele, yesterday, disclosed that eNaira has recorded N8 billion in transaction value in its first year in operation.
Africa's leading payments technology company, Flutterwave has announced that merchants can now accept eNaira payments from their customers on their platform.
eNaira has witnessed about 200,000 transactions worth N4 billion since the initiative was launched, governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said.
The Central Bank of Nigeria (CBN), digital currency, eNaira has recorded 200,000 volumes and four billion Naira value of transactions since its inauguration in 2021.
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said the 85 per cent financial inclusion target appears feasible with the mainstreaming of eNaira, which has continued to attract positive interest.
There are indications Nigerians will be able to leverage eNaira for investment purposes in the near future even though the central bank digital currency (CBDC) was created solely for financial transactions.
Regardless of technological and financial innovations, money is a form of technology that has been around for a few thousand years. But it changed a little in terms of its fundamental nature and effects. It was heartwarming when the Minister of Communications and Digital Economy, Prof. Isa Pantami announced policy initiatives that promote investment in…
Blockchain and Crypto Specialist at PwC UK, Haydn Jones, says the success of eNaira, Nigeria’s central bank digital currency (CBDC) launched in the last quarter of last year, will inspire similar projects, especially among countries with low financial inclusion.
The Central Bank of Nigeria (CBN), on Thursday, said that the introduction of eNaira in the financial system is to, among others, improve the effectiveness of monetary policy in managing inflation as well as in driving economic growth in the country.
Nigeria joined the e-currency player on October 25, 2021, when it was officially launched by President Muhammadu Buhari. It is a historic event because it is the first African country
It has been 12 months since the Central Bank of Nigeria (CBN) announced a total ban on cryptocurrencies and related activities and 7 months since it announced an official digital currency. What has changed? What effect has this had on the financial ecosystem and the average user? Also, what exactly are these CBDCs? Before we…
9 Dec 2021
The Central Bank of Nigeria (CBN) is contemplating a series of options to push the adoption of the eNaira, including the possibility of making it a payment gateway.