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Nigeria’s Digital Currency Transactions up by 63%

According to Nigerian Central Bank Governor Godwin Emefiele, central bank digital currency or e-naira transactions have increased 63% to $47.7 million, with around 13 million wallets downloaded since October 2022.…

Six days after Presidential Election Naira Scarcity Persists

The much-anticipated presidential election is over, and the results have been announced, but Nigerians continue to struggle with access to cash. Godwin Emefiele, Governor of the Central Bank of Nigeria…

CBN Charges Nigerians to use eNaira, Internet Banking as Alternatives to Cash

The Central Bank of Nigeria (CBN) has urged Nigerians to use eNaira and internet banking instead of cash. eNaira is a central bank digital currency issued and regulated by the…

CBN Sets Weekly Cash Withdrawal Limits of N100k for Individuals, N500k for Businesses

New cash withdrawal restrictions have been set by the Central Bank of Nigeria, and they go into effect on January 9, 2023. Individuals will only be permitted to withdraw N100,000…

FundACause, SystemSpecs’ Fundraising Software, Bags Fintech Award

“FundACause gives donors multiple payment options including card, internet banking, electronic wallet, USSD, bank transfer, phone number and eNaira..."

CBN says 700,000 eNaira Transactions Worth N8bn Recorded in One Year

Over 2.5 million daily visits to the eNaira website

eNaira Records over 1.49m Transactions Worth N3.484b

For e-commerce, we have seen a 9.946 percent increase between July and September, and this remains very encouraging.

eNaira Platform Now Available says CBN

"Once again, we apologize for any inconvenience customers might have experienced while the system was undergoing maintenance.

SAS Summit Demonstrates How AI Can Cast Safety Net Over African Financial Services

Global analytics leader SAS recently hosted a Summit in Lagos, focused on enabling a new era of financial services in Nigeria. SAS experts, industry leaders and policymakers attended the Summit…

eNaira Platform Temporarily Unavailable, CBN Confirms

The Central Bank of Nigeria’s digital currency, eNaira is currently not available due to an ongoing maintenance process, the financial regulator confirmed, Thursday. Recall that the CBN has been at…

Which Country is Launching CBDC in Africa After Nigeria? 

CBDCs if made for offline use, could provide financial services to people who previously lacked bank accounts. 

CBN Unveils e-Naira USSD Code in Kano

...Says 45% Nigerian Adults Without Bank Account

Emefiele Flags-Off Second Phase of eNaira Project

According to him, “The second phase of the project has begun and is intended to drive financial inclusion by onboarding the unbanked and the underserved users leveraging offline channels.

eNaira Hits N4b in Transactions, 200K Subscribers, says CBN

eNaira was inaugurated on Oct. 25, 2021, by President Muhammadu Buhari, making Nigeria the first African country to launch a Central Bank Digital Currency (CBDC).

Hackathon: CBN, AFF to Assist 10 Startups to Increase eNaira Adoption

According to Daniel Awe, Head of AFF, 5,000 participants from the finance community applied for the hackathon and were cut to roughly 175 teams. 70 will head to the quarterfinal…