Business & Economy

ENaira: CBN impressed with 488,000 eNaira wallets across 160 countries

About 488,000 customer wallets now onboarded on the Central Bank of Nigeria (CBN) eNaira. And 78,000 merchants now on the platdorm as well from 160 countries.

CBN also shared impressive data that 17,000 transactions amounting to over N62 million with the average transaction being about N3,800 each were recorded as well.

The apex bank also claimed that the project had received positive reviews from Nigerians, noting that the multi-layered security encryption of the digital currency has enhanced its security.

It stated this at the Editors’ Master Class with the theme ‘Central Bank of Nigeria Interventions as Fulcrum for Economic Diversification’, an event organised by the Centre for Financial Journalism in Lagos.

The Director of Corporate Communication Department of the bank, Osita Nwanisobi, said at the programme that the regulator’s interventions reflect the people-centric management approach of its current leadership.

Nwanisobi said the interventions were a conscious effort by the CBN to ensure that all Nigerians, especially the ordinary folks, benefit from the economy.

“These interventions do not just happen, they are well-thought-out responses by the CBN to exigencies. You would recall that when he (Godwin Emefiele) assumed office in 2014, he promised to run a people-centric CBN and a financial system that would meet the needs of the average Nigerian,” he stressed.

Meanwhile, naira has continued to stabilize around N535 to N540 against dollar since last week compared to N570 that prevailed for months.

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