Tag: eNaira
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eNaira now accessible to Nigerians through USSD
The Governor, Central Bank of Nigeria, Godwin Emefiele, has disclosed that from next week, Nigerians would be able to conduct transactions on eNaira wallet through the Unstructured Supplementary Service Data code on mobile phones. The eNaira is a central bank digital currency backed by law and issued by the CBN as a legal tender. It…
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Nigerians Will Be Able To Pay Bills with eNaira from Next Week
The Central Bank of Nigeria (CBN) will launch an upgrade for the eNaira next week, according to reports gathered by EarthNews. The upgrade will allow the Central Bank Digital Currency (CBDC) to be used in a broader range of goods and services, including bill payments. This was confirmed by CBN’s branch controller, Bariboloka Koyor, at…
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eNaira may emerge payment gateway as CBN intensifies adoption
The Central Bank of Nigeria (CBN) is contemplating a series of options to push the adoption of the eNaira, including the possibility of making it a payment gateway. A payment gateway is a technology merchants use to accept debit or credit card purchases from customers. It collects customer card information and encrypts it for processing.…
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eNaira Speed Wallet App Hits Over 360,000 Downloads
The Africa’s first digital currency, eNaira speed wallet app, has chronicled over 360,000 downloads ten days after it was launched. The Central Bank of Nigeria (CBN) unveiled the eNaira apps on October 22. The applications have two versions; eNaira speed wallet and eNaira speed merchant wallet. The two applications were rolled out on Google Play…
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Fake eNaira Social Media Handles Surface, CBN Warns Nigerians
The Central Bank of Nigeria’s attention has been drawn to criminal and unlawful acts by some persons, parading as official CBN representatives on Twitter. This was disclosed in a circular titled “Beware of Fraudsters, Fake eNaira Social Media Handles” signed by Osita Nwanisobi Director, Corporate Communications. This is coming days after the successful launch of the eNaira, which placed…
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Nigeria Launches Digital Currency eNaira
President Muhammadu Buhari has launched the country’s digital currency, eNaira. The event was held on Monday at the State House in Abuja, with the Vice President, Yemi Osinbajo; governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and other dignitaries in attendance. During the launch, President Buhari said the adoption of new CBN…
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Banks in defining moment as eNaira kicks off today
Nigeria makes history today as it becomes the first African country to digitise its currency, an exercise the Central Bank of Nigeria (CBN) has described as “one of the milestones of a long journey.” But the eNaira take-off is causing unease in the banking sector even as the concept note has admitted the project could…
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Digital Currency: Nigeria Partners with Barbados-based Bitt Inc. for e-Naira
The Central Bank of Nigeria (CBN) has announced the engagement of a Barbados-based fintech, Bitt Inc, as its technical partner for achieving the e-Naira digital currency. This was revealed in a statement by CBN’s Director of Corporate Communications, Osita Nwanisobi. The statement pointed out that the selection of Bitt Inc. from among highly competitive bidders…