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eNaira Records 12500 Transactions in Two Weeks

The Central Bank of Nigeria Digital Currency, eNaira has completed 12,500 transactions worth N46.3 million two weeks after it was launched.

This was disclosed by a senior Central Bank of Nigeria official during a chat with Financial Times. He said that the currency’s first week and a half — when nearly 400,000 new wallets were registered in dozens of countries and customers made 12,500 transactions worth 46.3m naira ($113,000) — was a “resounding success”.

President Muhammadu Buhari officially unveiled Nigeria’s digital currency on October 25th, 2021 with the Central Bank of Nigeria minting N500 million and allocating N200 million to banks.

The Governor of the Central Bank of Nigeria, Godwin Emefiele at the event said that 33 banks are now fully integrated and live on the platform, over 2,000 customers have been onboarded and over 120 merchants have successfully registered on the eNaira platform.

Emefiele said: “Today, customers who download the eNaira Speed Wallet App will be able to perform the following: Onboard and create their wallet; Fund their eNaira wallet from their bank account; Transfer eNaira from their wallet to another wallet; Make payment for purchases at registered merchant locations. “

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