The eNaira App has Garnered 500,000+ downloads – Emefiele

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The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed that the CBN Digital currency app, the eNaira app, has been downloaded almost 600,000 times since its launch in October.

He further added that the total transaction volumes using digital channels rose by over 153% between 2018 and 2020, as volumes rose from 1.3 billion to over 3.3 billion financial transactions in 2020.

According to the News Agency of Nigeria, this disclosure was made by Emefiele while speaking at the 56th Chartered Institute of Bankers of Nigeria (CIBN) Annual Bankers Dinner, on Friday night, at the Federal Palace Hotel, Lagos.

Emefiele said, “In less than 4 weeks since its launch, almost 600,000 downloads of the e-Naira application have taken place. Efforts are ongoing to encourage faster adoption of the e-Naira by Nigerians who do not have smartphones.

“The support of the financial industry will be critical in the ongoing deployment of the e-Naira and efforts are ongoing to encourage continued partnership between the CBN and stakeholders in the financial industry.’’

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About Joseph Adeoye 89 Articles
Joseph Adeoye is a budding writer with a penchant for satire and humour. He's currently a news correspondent/reporter at 9News Nigeria. Contact him via Twitter @D_KlassiqueOne or you can send him an email at joseph.adeoye.101@gmail.com.

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