Gadgets Africa
  • News
    Paystack co-founder Shola Akinlade acquires Danish football club

    Paystack co-founder Shola Akinlade acquires Danish football club

    AI company Cerebras releases ChatGPT-like models

    AI company Cerebras releases ChatGPT-like models

    China urges Apple to strengthen data security, privacy protection

    China urges Apple to strengthen data security, privacy protection

    FTX's Bankman-Fried faces new indictment of bribing Chinese officials

    FTX’s Bankman-Fried faces new indictment of bribing Chinese officials

    Google to launch new features for teachers, students

    Google to launch new features for teachers, students

    Substack launches community fund for writers to own stake in company

    Substack launches community fund for writers to own stake in company

    Alphabet seeks dismissal of US antitrust lawsuit against Google

    Alphabet seeks dismissal of US antitrust lawsuit against Google

    Oxbotica, Google partner to deploy self-driving software

    Oxbotica, Google partner to deploy self-driving software

    Meta plans lower bonuses for staff -Report

    Meta plans lower bonuses for staff -Report

  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders
Gadgets Africa
No Result
View All Result

eNaira hits $9m transactions, 840k downloads

by Marcus Amudipe
August 22, 2022
in News
Reading Time: 1 min read
CBN, Clickatell launch eNaira USSD channel
Share on FacebookShare on TwitterShare on Telegram

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 over 200,000 transactions valued at ₦4 billion have been made on the platform.

The e-naira app has reached 840,000 downloads, with about 270,000 active wallets comprising over 252,000 consumer wallets, and 17,000 merchant wallets.

However, the publication argued that it’s not enough for Emefiele and the CBN.

“After completing the first [launch] phase of the CBDC, the Nigerian government plans to get 8 million active subscribers in a second implementation phase that includes launching USSD transactions.

“Most digital currencies are unavailable to Africans because they require smartphones and internet access. Nigeria’s internet penetration rate is at 37.3% while less than 40 million have smartphones. This means over 100 million Nigerians are excluded from digital initiatives like the e-naira.

“With USSD though, things will change. CBN plans to achieve its 8 million targets by allowing more Nigerians—especially those without access to digitisation—to access the e-naira. Over the next couple of weeks, Nigerians can create, fund, and use e-naira wallets by dialling *997#.”

Tags: CBNE-naira
ADVERTISEMENT

Related Posts

Paystack co-founder Shola Akinlade acquires Danish football club
News

Paystack co-founder Shola Akinlade acquires Danish football club

by Alex Omenye
March 28, 2023
AI company Cerebras releases ChatGPT-like models
News

AI company Cerebras releases ChatGPT-like models

by Alex Omenye
March 28, 2023
China urges Apple to strengthen data security, privacy protection
News

China urges Apple to strengthen data security, privacy protection

by Joy Onuorah
March 28, 2023
FTX's Bankman-Fried faces new indictment of bribing Chinese officials
News

FTX’s Bankman-Fried faces new indictment of bribing Chinese officials

by Joy Onuorah
March 28, 2023
Next Post
Telegram to integrate web3, launch NFT market

Telegram to integrate web3, launch NFT market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended.

IG, Facebook posts make buying decisions for 77% Nigerians - Report

IG, Facebook posts make buying decisions for 77% Nigerians – Report

February 22, 2023
How to protect your Twitter account from hackers

How to protect your Twitter account from hackers

February 24, 2023

Trending.

v

Duolingo sets sight on music learning app

March 21, 2023
Russia will cut dependence on foreign tech – Putin

Russia will cut dependence on foreign tech – Putin

May 20, 2022
Amazon adds new features to Fire TV

Amazon launches Amazon web services in Nigeria

January 29, 2023
Google marks New Year with doddle

Google marks New Year with doddle

January 1, 2023
Why I am buying Twitter - Elon Musk

Why I am buying Twitter – Elon Musk

October 5, 2022
Gadgets Africa

© 2023 Gadgets Africa.

Navigate Site

  • News
  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders

Share

No Result
View All Result
  • News
  • Apps
  • Cryptocurrency
  • featured
  • Telecommunications
  • Gadgets
  • FinTech
  • Tech leaders

© 2023 Gadgets Africa.

Go to mobile version