Ecobank and GTB are currently leading in customers adoption of the eNaira. eNaira is Africa’s first Central Bank Digital Currency (CBDC) introduced by the Central Bank of Nigeria (CBN) in October. A report by TheCable says with more than 2,000 merchant wallets active, about 20 percent are domiciled with Ecobank, while GTB has majority of the consumer wallets activated by users amongst the top 10 financial institutions in the country.
According to the report, Ecobank is leading in merchant adoption, followed by Access Bank, Zenith Bank, Union Bank, First Bank, UBA, and Polaris Bank. Others banks in the top 10 list include Keystone Bank, GTB, and Wema Bank – in that order.
On the other hand, GTB is leading with majority of the consumer wallets activated by users from the top 10 financial institutions in the country. As far as consumer wallets go, GTB has more than 30 percent of the total activated consumer wallets held by all banks in Nigeria. Access Bank, Zenith Bank, First Bank, UBA, Polaris Bank, and Ecobank are the top seven banks with the highest number of activated consumer wallets.
In October, CBN unveiled the very first Central Bank Digital Currency in Africa with a lot of national and international interest on how well the electronic currency will perform and what problems it would solve in the banking and finance space on the continent.
As at November 29, 2021, about a month after eNaira went live, 589,000 downloads had been recorded for the digital currency across the iOS and Android app stores. That translates to an average of 20,000 downloads per day since launch.
Of the 589,000 downloads, 461,000 have been from the Android side of the market, while iOS downloads stand at only 128,000 downloads. Most of the downloads on both platforms happened in the first few days after the currency went live
As of November 29, 2021, there were at least 114,900 activated wallets. These wallets are broken down into two type: consumer wallets and merchant wallets. Consumer wallets stood at about 112,870 activated wallets. Merchant wallets were just a little over 2,000 wallets
HACKAHOLICS DIGITAL SUMMIT 2023: WEMA BANK LAUNCHES AFRICA’S LARGEST GATHERING OF INNOVATORS, DISRUPTORS, REGULATORS, POLICYMAKERS, INVESTORS & CUSTOMERS IN THE DIGITAL SPACE
Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has announced the launch of the Hackaholics Digital Summit 2023, Africa’s largest gathering of innovators, disruptors, regulators, policymakers, investors & customers in the digital space.
This groundbreaking summit will serve as a hub for sharing cutting-edge insights, trends, and best practices in the tech industry towards the positive transformation of technology and innovation not just in Nigeria but across the African continent.
In 2019, Wema Bank introduced Hackaholics, a dedicated initiative targeting youth and startups. Its mission is to provide a stage for entrepreneurs and innovators with transformative, tech-driven concepts to bring their ideas to fruition and refine their skills. The 4th edition of Hackaholics, launched in April 2023, involved several months-long journey to top Nigerian universities to identify and nurture talented students with creative ideas. These students were afforded the opportunity to collaborate, enhance their skills, and actualize their unique concepts through technology. The Hackaholics Digital Summit will host both the grand finale of Hackaholics 4.0 and the inaugural edition of the digital summit.
The Hackaholics Digital Summit 2023 is scheduled for October 6, 2023, in Lagos, Nigeria, under the theme “Re-Imagine: Disrupting the Ecosystem for Scale.” This multifaceted event commences with the launch of the Hackaholics Digital Summit and concludes with the exciting grand finale of Hackaholics 4.0. During this grand event, the standout teams from the competition will showcase their innovations, contending for the prestigious titles of Hackaholics 4.0 winners.
Notably, the winning team will receive a grant of N10,000,000 worth of prizes, the first runner-up N7,000,000 worth of prizes, the second runner-up N5,000,000 worth of prizes, while a special N3,000,000 grant is reserved exclusively for a female-led team. Additionally, a N15,000,000 grant will be allocated to University STEM endowment.
The Digital Summit will further encompass an array of simultaneous master classes, providing attendees with the opportunity to witness the emergence of Africa’s technological future while gaining invaluable insights from renowned experts. These masterclasses will delve into topics such as “The Future of Financial Services,” “Venture Capital and Funding Viable Innovation for Scale,” and “Strategic Technology for Impact & Societal Change: Transforming Today & Tomorrow’s World.”
Attendance to this prestigious event is by invitation only; however, interested customers and technology enthusiasts can secure a spot at the Wema Bank Hackaholics Digital Summit 2023 by registering at https://hackaholics.wemabank.com/digital-summit.
Don’t miss the chance to be part of this exceptional gathering, charting the course for the future of technology in Africa.
Primate Ayodele’s Prophecy Fulfilled As Godswill Akpabio Faces Impeachment Threat (VIDEO)
The emergence of Godswill Akpabio as the senate president of Nigeria may have been approved physically but spiritually, there were pockets of resistance for his leadership. This claim has now been authenticated following the impeachment threats currently facing the politician.
Long before the senate presidency election, the electorates were warned by Primate Ayodele about the choice of their candidate. The global prophet went as far as mentioning names of candidates that have the approval of God but in the usual character of Nigerian politicians, they ignored.
Primate Ayodele repeatedly said that an Igbo person is the right candidate to become the next senate president but the most prominent person in that category wasn’t allowed to get the seat, the electorates threw their weight behind Godswill Akpabio.
It would also be recalled that immediately Akpabio won, Primate Ayodele stated that there would be problems in the house. Some supporters of the politician thought Primate Ayodele had a personal issue with their principal and went on to verbally attack the prophet. Little did they know that it won’t even take long before things unfold.
In a video shared on Primate Ayodele’s tiktok account in August, the prophet clearly revealed that some people will launch an attack of impeachment on Godswill Akpabio. Every normal person would have thought this will not come to pass anytime soon because the government is still new and there were no issues at the time Primate Ayodele released that prophecy but prophets don’t operate on the normal realm, they have the ability to see stillness in the midst of a raging storm and a raging storm in the midst of stillness.
These were the words of Primate Ayodele:
‘’I see that some people will launch attack of impeachment on Akpabio, they will condemn him and will begin to have problems.’’
As the prophet revealed, reports making rounds have it that the Senate President is going through an impeachment attack which was launched by two senators from the north. According to the reports, former governors who are also in the senate have joined the league of senators seeking for the impeachment of Godswill Akpabio.
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