The Central Bank of Nigeria (CBN) has insisted that the adoption of the eNaira is not and never a threat to financial stability in the country. The apex bank said contrary insinuations that the adoption of the eNaira portends danger to financial inclusion; it explained that the country’s Central Bank Digital Currency (CBDC), the eNaira,…
The Central Bank of Nigeria (CBN) on Monday said that the eNaira is not a threat to financial stability in the country.
The Central Bank of Nigeria (CBN) has taken the sensitisation drive of eNaira to women in the University of Lagos (UNILAG) during the recent Law Ladies Day programme of the institution.
Central Bank of Nigeria (CBN), yesterday, urged Nigerians to embrace eNaira, saying it is like the physical currency and also a legal tender of the Federal Republic of Nigeria. The apex bank noted that eNaira is under its direct liability.
Central Bank of Nigeria (CBN), in collaboration with a technical partner, Project GIANT, on Thursday in Kaduna, called on traders of Kawo and Sheik Gumi markets to embrace eNaira as an alternative means of financial transactions. The News Agency of Nigeria (NAN) reports that this was part of the efforts by the apex bank to…
The Central Bank of Nigeria (CBN) has said that the Nigerian payment system infrastructure is robust enough to handle the growing surge in online transactions. It therefore urged Nigerians to embrace alternative payment channels such as eNaira..
Nigeria’s Central Bank digital currency (CBDC) has been extended to feature phone users with the unveiling of the USSD channel of eNaira.
Like e-commerce, digital banking has exploded globally since the pandemic. So much so that experts project digital banking users to reach over 3.6 billion globally by 2024. In the United States, for instance, 203 million Americans used online banking services in 2022, according to bankrate.com, while 93% of users in Great Britain prefer digital banking,…