Tuesday, June 3, 2025
The Lagos Today
  • Login
No Result
View All Result
No Result
View All Result
The Lagos Today
No Result
View All Result
Home Business

eNaira Rakes In N188m Worth of Transactions

by Eucharia Egwuma
December 13, 2021
in Business, Headlines
Reading Time: 2 mins read
0
0
Buhari Inaugurates Made-in-Nigeria Vessel
Share on FacebookShare on Twitter

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 by the Enugu State branch of the Chartered Institute of Bankers of Nigeria, last Friday.

The onset of the COVID-19 pandemic, according to Ch’Dozie, has expedited the global shift to virtual events and contactless payments.

Ch’Edozie Okonjo said that since the launch of the e-Naira platform, there had been a flood of interest and positive feedback from Nigerians and other parties all over the world.

He said, “So far, we have recorded over 583,000 consumer wallets and about 83,000 merchant wallets downloads, with downloads occurring in over 160 countries (per Google Play Store and Apple Store data).  We have also recorded over 34,000 transactions amounting to over N188 million. These numbers suggest the adoption rate has been excellent.”

He said that the world had yet to revert to its previous regular system, claiming that the pandemic had accelerated the shift to a more digital environment, with the global payment system serving as a prime example.

He explained that while cash usage was dropping, both locally and globally, digital payments were on the rise, necessitating the launch of the eNaira, the Nigerian central bank’s digital currency.

He said, “The eNaira was launched to improve access to finance for individuals and businesses through digital channels to improve financial inclusion, lower the cost of transactions, and increase the flow of credit to households and businesses.”

Share this:

  • Facebook
  • X

Like this:

Like Loading...
Tags: Digital CurrencyeNairaeNaira transactionseNaira WalletFederal Government of Nigeria
Previous Post

Emirates Airline: UAE Reacts To FG’s Restriction

Next Post

Fire Razes Property in Lagos’ Computer Village

Eucharia Egwuma

Eucharia Egwuma

Related Posts

NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

by Iyanu Ale
May 5, 2025
0

In a move poised to transform how African businesses manage financial transactions, South African fintech startup NjiaPay is streamlining payments...

Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

by Iyanu Ale
May 2, 2025
0

Ghanaian energy tech startup Kofa has successfully raised $8.1 million in a pre-Series A funding round to scale its AI-powered...

Next Post
Hoodlums Set Buildings Ablaze in Lagos’ Ajeromi-Ifelodun Community

Fire Razes Property in Lagos' Computer Village

Please login to join discussion

Recommended

Ministerial Retreat: Sanwo-Olu Charges Members to Increase Momentum

Ministerial Retreat: Sanwo-Olu Charges Members to Increase Momentum

5 years ago
Editorial Team Member (Paid Internship) at Koko TV

Creative Video Editor at Majeurs

5 years ago

Popular News

    Connect with us

    Tags

    #EndSARS 2023 Elections 2023 polls 2023 Presidency ACCIDENT Africa All progressives Congress APC Asiwaju Bola Tinubu Babajide Sanwo-Olu CBN Central Bank of NIgeria Central Bank of Nigeria (CBN) Coronavirus pandemic Covid-19 Covid-19 in Lagos Covid-19 in Nigeria Covid-19 Vaccine Cryptocurrency Economic and Financial Crimes Commission EFCC Federal Government Federal Government of Nigeria Fraud Gov. Sanwo-Olu House of Representatives Lagos-Ibadan expressway Lagos state Lagos State Government Lagos State House of Assembly Lagos State Police command Muhammadu Buhari Murder Naira NDLEA Nigeria Nigeria Customs Service Nigerian Economy Nigeria Police Force Rape Strike action TECH UK United Kingdom US

    News

    Opinion

    © 2020 The Lagos Today - Nkali.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result

    © 2020 The Lagos Today - Nkali.

    %d