The Central Bank of Nigeria has stated that the eNaira’s fourth phase will lead to offline and cross-border payment solutions. This was disclosed by the Director, Information Technology Department, CBN, Mrs Rakiya Mohammed, at the licensed payment service providers’ engagement session in Lagos on Monday. She charged licensed PSPs to build additional products and services […]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) is set to meet this week, on the 22nd and 23rd, for the last time this year (2021). The 10-man committee headed by the CBN Governor, Godwin Emefiele last met on September 17th, 2021, publishing its 38th communique that detailed the basis for […]
As Bitcoin hits another record high, the Central Bank of Nigeria (CBN) has continued to urge Nigerians to embrace the eNaira, Africa’s first Central Bank Digital Currency (CBDC). The Director of Corporate Communications Department, CBN, Osita Nwanisobi, made the appeal while speaking at the CBN special day at the Lagos International Trade Fair. After US […]
The initial enthusiasm that greeted the launch of the eNaira last Monday seems to have waned as the number of downloads has reduced in the last five days, rising from about 180,000 on Tuesday to roughly 220,000, on Sunday The PUNCH has observed. The PUNCH observed that within 48 hours after the app was launched […]
The eNaira speed wallet is back on the Google Play Store after disappearing for hours.This means that millions of Nigerians who use android phones can now access the eNaira speed wallet for download and subsequent use.However, Central Bank of Nigeria (CBN) has explained the sudden disappearance of the e-naira speed wallet from Google’s play store.According […]
The Central Bank of Nigeria’s attention has been drawn to criminal and unlawful acts by some persons, as well as a phoney Twitter handle, @enaira_cbdc, purported to belong to the Bank. 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 […]
The recently launched enaira speed wallet application has been removed from Google Play Store barely 36 hours after it was launched by the Central Bank of Nigeria (CBN). This is coming after it after was comfirmed that the eNaira initiative had over 200,000 wallets downloaded in 24 hours, indicative of massive interest in the Central […]
The Economic and Financial Crimes Commission (EFCC) has presented a budget of N31, 350, 512, 836 to the National Assembly for its operations in 2022. The figure represents a slight improvement over the N29, 575,694,747.46 appropriated for the Commission in 2021. This was disclosed by the anti-graft agency in a statement issued on Tuesday, October 26, 2021.