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eNaira app downloads nears 1m –with 282,600 currently active

CBN urges tertiary institutions to embrace e-Naira for fees, salaries

Governor of the  Central Bank of Nigeria (CBN) Mr  Godwin Emefiele, yesterday hinted that the eNaira application has so far recorded a total of 905,588 downloads.

The governor who spoke  after the Monetary Policy Committee meeting at the CBN headquarters in Abuja, said the eNaira in the first one year has almost hit a million mark on downloads, while only 282,600 are active users.

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“So far 905,588 downloaded the app, out of it 282,600 are currently active. So far, accounts of transactions have exceeded 1.49 million worth over N3.484 billion and the breakdown is that 78,115 consumers to bank worth about N1 billion and bank to customer of 90,760 transactions worth N945 million,” he said.

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“Consumer to consumer transactions are what they bought value number of 35,800 worth about N480 million and consumer to merchant between 171,000 transactions worth over N387 million. “We have seen downloads 13,136 wallets have so far been created via the unstructured supplementary service data (USSD) channel that was the channel we recently introduced about three-four weeks ago and we are happy that progress is being made in that regard.

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“For e-commerce, we have seen like 9.946 percent increase between July and September and this remains very encouraging. We believe the eNaira is an alternative to you holding an analogue naira and so it is very convenient.


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