transactions

eNaira Transactions Hits ₦4bn — Emefiele

August 19, 2022 5:32 am

Reports reaching Africa Daily News, New York have it that, since its inception in October of last year, the Central Bank of Nigeria’s (CBN) e-Naira virtual currency network has seen over ₦4 billion in transactions.

Mr. Godwin Emefiele who is the CBN Governor disclosed this to the public, yesterday, at e-Naira’s Hackathon grand finale, hosted in Abuja.

In his words, ‘Since the launch of this great initiative, the e-Naira has reached 840,000 downloads, with about 270,000 active wallets comprising over 252,000 consumer wallets and 17,000 merchant wallets.’

‘In addition, volume and value of transactions on the platform have been

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Nigerians Begin Payment Of ₦6.98 Per USSD Bank Transaction

Electronic Payment Transactions Hit ₦151tn

February 11, 2020 5:33 am

The total value of transactions through various electronic payment (e-payment) channels in the country rose by 13 per cent to a total of ₦150.773 trillion in 2019, compared with the ₦133. 637 trillion recorded in 2018.

Also, the volume of transactions stood at 2.952 billion in 2019, higher than a total of 2.073 billion recorded in 2018.
The figures were contained in the latest industry e-payment data for full year 2019, from the Central Bank of Nigeria (CBN), obtained by THISDAY yesterday.

But the data put the total value of intra-bank e-payment transactions at N441.905 trillion in 2019, while total …

CBN Introduces BVN Lite For Minimal Financial Transactions

December 16, 2019 3:49 pm

The Central Bank of Nigeria (CBN) has created a new category of Bank Verification Numbers (BVNs) known as BVN Lite, saying this would help to capture financially excluded people in the country.

Governor of CBN, Mr Godwin Emefiele, made this disclosure on the sidelines of the of the 11th annual Bankers Committee retreat held in Ogere, Ogun State last week.

According to Mr Emefiele, the requirements for the registration of this new BVN would be lesser than the previous one carried out some years ago in the banking industry. He said those captured under the BVN Lite would be limited …

Privatisation: BPE Complete Transactions On 234 Enterprises

November 13, 2019 11:20 am

The Bureau of Public Enterprises (BPE) on Wednesday disclosed that it has so completed transactions on 234 enterprises since the inception of the Federal Government’s privatisation programme in 1999.

It further disclosed that plans were afoot to divest from the 10 newly-built gas-fired National Integrated Power Projects (NIPPs) when completed.

The Director-General of BPE Mr Alex Okoh made the disclosures recently at the Nigerian Investment Showcase at Guildhall, London, with the theme: “Public Sector Deals Recently”.

A BPE statement said Okoh listed the milestones recorded by the privatisation programme to include: expanding private sector participation in the Nigerian economy; attracting

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Banks CEOs Disclaim MTN Over USSD Transactions Charges

October 22, 2019 2:25 am

•We don’t need permission to impose service charge, says telcom

Chief Executive Officers (CEOs) of commercial banks have distanced themselves from the moves by MTN Nigeria to impose charges on Unstructured Supplementary Service Data (USSD) transactions.

The bank chief executives under the aegis of Body of Bank CEOs that have the MD/CEO of Access Bank Plc, Mr. Herbert Wigwe, as chairman, said in a statement yesterday that they never asked MTN to start charging customers as contained in the text message sent by the telecommunication company.

Their disavowal came a day after the federal government ordered MTN to suspend the …

APC warns against Amosun’s last-minute transactions

April 5, 2019 12:19 pm

Ogun state chapter of the All Progressives Congress (APC) on Friday advised the public against engaging in last minute transactions with the out – going administration, warning that the incoming government would review any of such transactions.

In a statement by the Publicity Secretary of the Caretaker Committee of APC in the state, Tunde Oladunjoye, it alleged Governor Ibikunle Amosun- led administration has engaged in last- minute awards of contracts, withdrawals from treasury, sales of land and illegal recruitment of Senator Amosun’s cronies into senior positions of the Ogun State Civil Service, ostensibly to tie the hands of its successor.…