By Seun Ibiyemi The Central Bank of Nigeria (CBN) in collaboration with the Bankers Committee, on Saturday sensitised traders and consumers at Tejuosho Market on how to conduct eNaira transactions. Traders in wears, shoes, kitchen items, among other commodities, were…
The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC). The Deputy Governor of the CBN, Kingsley Obiora, said this at…
The Central Bank of Nigeria (CBN), last week 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…
The International Monetary Fund (IMF) has declared central bank digital currencies (CBDCs) like eNaira are a better bet than cryptocurrencies. In a new statement, IMF managing director, Kristalina Georgieva said countries were exploring CBDCs and that it would soon become…
Ecobank and GTB are currently leading in customers adoption of the eNaira. eNaira is Africa’s first Central Bank Digital Currency (CBDC) introduced by the Central Bank of Nigeria (CBN) in October. A report by TheCable says with more than 2,000…
The Central Bank of Nigeria (CBN) has recorded over 34,000 transactions on the eNaira platform, amounting to over N188 million. This was disclosed by the CBN Controller, Enugu branch, Ch’Edozie Okonjo, at the 2021 Annual Bankers Dinner and Lecture, organised…
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), says that in less than four weeks, the eNaira app had witnessed almost 600,000 downloads since its launch in October. Emefiele made the disclosure at the 56th Chartered Institute of Bankers…
The Central Bank of Nigeria has said that the eNaira is more reliable than cryptocurrencies. The CBN Director of Corporate Communications, Nnamdi Okwuosa, said this at the CBN Fair to sensitise stakeholders and the general public in Abia and Ebonyi…
Some financial analysts have urged the Central Bank of Nigeria (CBN) to ensure enhanced enlightenment campaign for the masses to embrace the eNaira digital currency to boost financial inclusion. They said this in separate interviews in Lagos on Tuesday. President…
Some financial analysts have urged the Central Bank of Nigeria (CBN) to ensure enhanced enlightenment campaign for the masses to embrace the eNaira digital currency to boost financial inclusion. They said this in separate interviews with the Newsmen in Lagos…
