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eNaira

A collection of 7 posts

Financial Inclusion: Will the CBN Newly Launch eNaira Enhanced Services be the Masterstroke?

Financial Inclusion: Will the CBN Newly Launch eNaira Enhanced Services be the Masterstroke?

The Central Bank of Nigeria (CBN) launched the e-Naira, the Central Bank Digital Currency (CBDC), under the project Giant Initiative in October 2021 as a digital version of the Nigerian currency to promote financial inclusion, improve payment systems, and foster economic growth. Central bank digital currencies have been one of

Nigeria's Central Bank to redesign Naira notes: What else is the CBN doing right?

Central Bank of Nigeria

Nigeria's Central Bank to redesign Naira notes: What else is the CBN doing right?

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has announced the plan of the apex bank to redesign Naira notes. Currencies such as N200, N500 and N1000 are expected to cease from circulation by December 15, 2022, while they would no longer be a legal tender by January 31,

Nigeria’s apex bank, CBN records N8 billion in eNaira transactions

Central Bank of Nigeria

Nigeria’s apex bank, CBN records N8 billion in eNaira transactions

In an effort to achieve a cashless economy, the Central Bank Digital Currency (CBDC), eNaira, was launched by the President, Mohammadu Buhari in October 2021. A year after its launch, the CBN governor, Godwin Emefiele, announced at the ‘eNaira 1-year anniversary’ event in Lagos on Tuesday that it has recorded

Flutterwave introduces GPay as payment option

Flutterwave introduces GPay as payment option

Africa’s leading payment technology, Flutterwave has introduced Google Pay (GPay) as part of its payment options just after it recently announced its addition of Nigeria’s digital currency, e-naira on its platform. Google Pay is a pre-installed mobile payment system (in supported countries) like Apple Pay, Microsoft Pay and

Chat Commerce platform, Clickatell partners with CBN to enable offline banking

Chat Commerce platform, Clickatell partners with CBN to enable offline banking

Chatting commerce platform, Clickatell has announced in a press release on Monday about its partnership with the Central Bank of Nigeria (CBN). The partnership is geared towards the e-Naira Central Bank Digital Currency (CBDC) in order to ensure financial inclusion to Nigerians by launching a USSD channel. E-Naira, also known

Flutterwave adopts eNaira as payment option in Nigeria

Flutterwave adopts eNaira as payment option in Nigeria

Africa’s leading fintech company, Flutterwave has announced the adoption of eNaira, Nigeria’s digital currency as part of its payment option asides cards, bank transfers, Barter by Flutterwave, etc — for merchants. The eNaira noted to be the first digital currency in Africa was launched on October 25 2021 as

eNaira Now on Remita’s Platform: A Quick Look at how the Digital Currency is Fairing so Far

eNaira Now on Remita’s Platform: A Quick Look at how the Digital Currency is Fairing so Far

eNaira, the Central Bank of Nigeria’s (CBN) digital currency, received a significant boost as Remita, Africa’s leading electronic payment platform, added it as an additional payment option across all its touch points. Individuals and businesses can now use eNaira to make and receive payments for all utilities, services,