Banking & Finance

eNaira Made N46.3 Million Worth Of Transactions Within 2 Weeks – CBN

The Central Bank of Nigeria (CBN) has boasted that Africa’s first digital currency, eNaira successfully achieved the completion of N46.3 million worth of transactions in less than two weeks of launch.

Brand News Day Nigeria reports that the CBN, through one of its senior officials made this disclosure about the eNaira in the Financial Times.

The CBN’s embrace of technology to address financial inclusion has gathered praises both from home and abroad. However, there have been some bumps on the road.

Advertisement

Recall that Nigeria digital currency made its debut on the 25th of October 2021 and had over 200,000 downloads 24 hours after launch.

READ: E-Naira Meaning: 15 Important Things To Know About Nigeria’s E-Naira Digital Currency

A few days after, the eNaira wallet vanished from the Google Play Store, raising eyebrows among Nigerians. The problem, however, was quickly tackled.

eNaira Made N46.3 Million Worth Of Transactions Within 2 Weeks – CBN

Commenting on the eNaira development, the CBN said ”the currency’s first week and a half, according to the senior Central Bank of Nigeria official who spoke to the Financial Times, was a “resounding success,” with roughly 400,000 new wallets registered in dozens of nations and clients making 12,500 transactions worth N46.3 million ($113,000).

Advertisement

”This success is in spite of customers complaints about a time-consuming sign-up process.”

Meanwhile, the CBN has urged all Nigerians to embrace the eNaira saying that it is more reliable than cryptocurrencies.

Meanwhile, the apex bank’s technical partner, Bitt Inc has revealed plans to roll out a new mobile application that enables the unbanked population to access eNaira.

Advertisement
Facebook Comments
Brand News Day

Recent Posts

Apple Unveils iPhone 17 Air, Slick, Slimmer Than Previous Models (PHOTOS)

Apple Inc is set to present a slimmer iPhone 17 Air model, marking a potential…

2 weeks ago

Six-Year-Old Ella Shoots, Kills American Police Officer In Mother’s Defense

A six-year-old girl, Ella, fatally shot a 28-year-old American police officer last month after witnessing…

2 weeks ago

LIRS Urges Taxpayers To Meet March 31 Deadline For Annual Tax Return Submission

The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those…

2 weeks ago

Stanbic IBTC Bank Partners Autochek To Boosts Car Ownership, Disburses N4Bn

Stanbic IBTC Bank, a prominent financial institution in Nigeria, has partnered with Autochek, an innovative…

3 weeks ago

Stanbic IBTC PMI®: Output Growth Accelerates To Fastest In Just Over One Year

The headline figure derived from the survey is the Stanbic IBTC PMI® - Purchasing Managers’…

3 weeks ago

Stanbic IBTC Bank Reintroduces Its Private Banking Offerings To Empower Nigerians Build Lasting Wealth

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings and a leading financial service solutions…

3 weeks ago

This website uses cookies.