Banking & FinanceBusiness

eNaira: App download nears 1m, only 282,600 currently active

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the eNaira application has so far recorded a total of 905,588 downloads.
The apex bank governor said this on Tuesday while speaking with journalists after the committee’s meeting at the CBN headquarters in Abuja.
Emefiele, while giving feedback on the eNaira application since its introduction, said the eNaira in a year has almost a million mark on downloads, but only 282,600 active users.
“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
“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 has since been made.
“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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