BREAKING: CBN Reveals USSD Code for eNaira Transactions

Godwin Emefiele, Governor of Central Bank of Nigeria on Thursday August 25, inaugurated the unstructured supplementary service data (USSD) code for the eNaira to enhance financial inclusion in the country.

Emefiele who was represented by Folashodun Adenisi-Shonubi, CBN’s Deputy Governor of Operations at a five-day Northern eNaira fair 2022, in Kano, said the new code — *997# — was introduced to engender financial inclusion and avail Nigerians opportunities  endless possibilities through financial services.

He also said that the eNaira is a strategic initiative developed in accordance with the bank’s mandate to preserve monetary and financial stability.

Emefiele said;

“It captured the slogan ‘same naira, more possibilities’, and designed to positively impact lives of Nigerians, and transform the economy.

“The eNaira is expected to enhance inclusion, support poverty reduction, enable direct welfare disbursement to citizens, support a resilient payments ecosystem, improve availability and usability of central bank money.”

The CBN Governor who expressed hope of the eNaira facilitating diaspora remittances, reducing the cost of processing cash, and improving the efficiency of cross-border payments, among others, also revealed that approximately 45 percent of Nigerians do not have bank accounts, while 35.9 percent are excluded from formal financial services.

Click below link to read full details:

https://rovingupdates.com/breaking-cbn-reveals-ussd-code-for-enaira-transactions/

E suppose be *419#

The code that is not valid

Honestly I don't see any advantage this enaira has over bank account.i have enaira account but it's useless to me. It's as useless as Buhari & APC