• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Jamb says applicants can now pay for UTME using eNaira

Says adoption of the e-naira would eliminate extortion

Zainab Iwayemi by Zainab Iwayemi
January 11, 2023
in Business News, Education
e-naira: Jamb says applicants can now pay for UTME using digital currency
Share on FacebookShare on TwitterShare on Linkedin

The Joint Admissions Administration Board has collaborated with the Central Bank of Nigeria to make e-naira the preferred payment mode chosen for 2023 UTME registration.

CBN also said the development would eliminate extortion of candidates.

Rakiya Mohammed, the CBN Director, of IT, Architecture, and Strategy, who was represented by Abdul Shedrack, made this known while speaking with the board and its financial partners.

RelatedStories

CBN, forex

Court backs CBN, rejects interim ban on eNaira trademark use 

May 2, 2025
Nigeria’s 18% MPR is highest among BRICS, N-11 countries

E-naira will aid monetary policy decisions-making-CBN

June 9, 2023

Why e-naira for payment: Muhammed noted that this would also help to reduce the overall indirect cost of cash transactions on the broader community while blocking leakages in the board’s transactions.

  • She added that this would also help to promote the digitization of cash and facilitate the development of e-commerce as well as support and promote the implementation of government policies.

e-naira seamless: Muhammed also said that the e-naira is the digital version of the naira currency as it has equal value and is backed by law. On this basis, he said that it would function as a safe and efficient alternative means of payment which is seamless and fortified against any form of abuse.

  • The CBN, therefore, urged to download and install the eWallet from its website or via Google Play Store or Apple’s IOS Store.

What you should know: In 2021, Nigeria became the first African country to introduce a central bank digital currency (CBDC) by launching the eNaira. Over a year after, the adoption of digital currency is still very slow, even though the Central Bank of Nigeria believes it has recorded significant success with the currency.

  • According to the CBN Governor, Godwin Emefiele, eNaira has recorded 700,000 transactions valued at N8 billion since its inauguration on Oct. 25, 2021. This presupposes that more Nigerians are gradually embracing the digital version of the nation’s currency.
  • Using it to pay for Jamb exams will likely boost its adoption rate among young Nigerians.

Follow us for Breaking News and Market Intelligence.
Tags: e-NairaJoint Admissions Administration Board
Zainab Iwayemi

Zainab Iwayemi

For further inquiries about this article, contact: Email: zainab.iwayemi@nairametrics.com Twitter: @IwayemiZainab LinkedIn: Zainab Iwayemi

Related Posts

CBN, forex
Breaking News

Court backs CBN, rejects interim ban on eNaira trademark use 

May 2, 2025
Nigeria’s 18% MPR is highest among BRICS, N-11 countries
Economy

E-naira will aid monetary policy decisions-making-CBN

June 9, 2023
CBN, DSS,
Currencies

eNaira circulation rises to N400million, as CBN insists no charges “for now”

December 5, 2022
IMF reveals steps it can take to help with success of eNaira
Currencies

eNaira records 694,000 downloads, 95 days after its launch

January 31, 2022
CBN says eNaira will help Nigeria tackle financial crimes if embraced
Currencies

eNaira casts a dark cloud over West Africa’s single currency, Eco

January 11, 2022
IMF reveals steps it can take to help with success of eNaira
Currencies

CBN says eNaira has completed N188 million worth of transactions

December 12, 2021
Next Post
INEC to introduce election results viewing portal, INEC headquarters gutted by fire

INEC presents updated voter register for 2023 elections to 18 political parties

Comments 1

  1. Ihezuo chidiebere says:
    January 11, 2023 at 10:14 pm

    Very good 👍.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Lagos state govt warns communities near rivers and lagoons of dangerous flash floods 
  • UN launches $29 billion appeal as funding crisis stalls humanitarian efforts globally 
  • EU announces 42 high-demand jobs for foreign workers in 2025  

Follow us on social media:

Recent News

Lagos state govt warns communities near rivers and lagoons of dangerous flash floods 

Lagos state govt warns communities near rivers and lagoons of dangerous flash floods 

June 16, 2025
UN Official calls for $2.4 trillion climate funding in developing nations

UN launches $29 billion appeal as funding crisis stalls humanitarian efforts globally 

June 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics