Tag: E-naira

CBN urges FUTA to adopt eNaira for transactions
News

CBN urges FUTA to adopt eNaira for transactions

    By Wilson Adekumola The Central Bank of Nigeria has called on the management and students of the Federal University of Technology, Akure, the Ondo State capital, to embrace the e-naira platform for all their financial transactions. The Acting Branch Controller of the CBN in Akure, Samuel Giwa made the this call on Monday […]

IMF logo
Business featured

IMF director warns against retail e-currencies

The Managing Director of the International Monetary Fund, Kristalina Georgieva, has expressed her concerns about the potential risks associated with retail central bank digital currencies. In an interview at the Milken Institute’s 2023 Global Conference on May 1, Georgieva stated that retail CBDCs could have far more room for error than wholesale CBDCs. She explained […]

CBN opens eNaira to USSD transaction
E-commerce featured

E-naira’ll reduce naira scarcity – CBN

The Special Assistant on Payment to the Governor of the Central Bank, Mary Fasheitan, has said that the usage of the digital naira (eNaira), will address the current cash scarcity in the country.   The News Agency of Nigeria reported that Fasheitan said this while addressing traders and people of the state in Akure on […]

CBN opens eNaira to USSD transaction
Banking

eNaira hits $9m transactions, 840k downloads

The eNaira has recorded ₦4 billion ($9.3 million ) transactions and 840,000 app downloads, Gadgets Africa reports. This comes a few days after the Governor of the Central Bank of Nigeria, Godwin Emefiele, disclosed that eNaira will be available on  Unstructured Supplementary Service Data. According to Tech Cabal, the CBN governor, Godwin Emefiele, stated that […]