Thursday, May 19, 2022

CBN launches eNaira

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Rayyan Alhassan
Rayyan Alhassan is a graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or, or @Rayyan88 on Twitter.
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The Central Bank of Nigeria, CBN, has launched its Digital Currency, eNaira, with over N500m of the currency minted so far.

Speaking at the launch of the eNaira in Abuja on Monday, Governor Godwin Emefiele said 33 banks have been fully integrated and live on the platform.

Mr Emefiele disclosed that over 2.5 million people visit the website daily.

He added that another N200 million has been issued to financial institutions.

Over 2,000 customers have been onboarded and 120 merchants have successfully registered on the eNaira platform, Emefiele stated.

Mr Emefiele said: “Customers who download the eNaira Speed Wallet App will be able to perform the following: onboard and create their wallet; fund their eNaira wallet from their bank account; transfer eNaira from their wallet to another wallet and make payment for purchases at registered merchant locations.”

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The CBN, he said, “will continue to refine, fine-tune and upgrade the eNaira” and he assured that “Nigerians should expect to see additional functionalities in the coming months”.

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