Tag Archives: eNaira

The Central Bank of Nigeria (CBN) has announced the introduction of its digital currency,  eNaira known as the eNaira as a payment option to recipients of diaspora remittance. The apex bank said the move was in furtherance of efforts to liberalise the payout of diaspora remittance. The new policy was …

After one year of establishment, the Central Bank of Nigeria’s eNaira recorded low adoption, according to the International Monetary Fund. This was contained in a recent report titled ‘Nigeria’s eNaira, one Year After’ by the IMF. The Washington-based bank specifically stated that about 98.5 per cent of eNaira wallets downloaded …

The Central Bank of Nigeria (CBN) is in talks with potential technology partners to develop a new system to run and manage the eNaira, Bloomberg is reporting. The newspaper cited two sources familiar with the matter who asked not to be named due to confidentiality issues. The sources said that …

In a bid to make Nigeria a 100% cash-less system, the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has disclosed that 3 billion eNaira has been successfully minted by the apex bank. Emefiele said this as CBN marks the first anniversary of the eNaira with a promise to …

Central Bank of Nigeria (CBN) has provided a 5 per cent subsidy for those using the digital currency, eNaira platform for transportation. CBN also noted it is targeting no fewer than 10 agents in the 774 local government areas in Nigeria to drive the eNaira adoption. In total, the bank …

…Restates Commitment to Development of Financial Sector The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says the second phase of the eNaira project has begun and is intended to drive financial inclusion by onboarding unbanked and underserved users leveraging offline channels. This is even as he disclosed that …

The Central Bank of Nigeria, CBN, has allayed the fears of Nigerians on the health of banks in the country, assuring that they were sound, healthy and safe. The CBN governor, Dr. Godwin Emefiele, gave the assurance during a two-day fair organized simultaneously by the apex bank in Makurdi, Benue …

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. The clarification was made at a seminar organised by …

The Central Bank of Nigeria (CBN) has unveiled selection criteria for private sector companies to participate in its new financial instrument tagged, “The 100 for 100 PPP – Policy on Production and Productivity,” which was announced last week. Recall, during the launch of eNaira Project in Abuja, the CBN Governor, …

Following the launch of the eNaira by the President, Major General Muhamadu Buhari (retd.), the application for the digital currency, eNaira introduced by the CBN has become available for download, with more than 5,000 downloads within hours of the launch. This is as the apex bank released regulatory guidelines which …