CBN’s eNaira is Live!

The Central Bank of Nigeria (CBN) has just launched eNaira, a digital currency designed to help individuals and businesses make fast, efficient, and reliable payments online.

The official website for Nigeria’s central bank digital currency (CBDC) has gone live, ahead of the digital naira’s anticipated deployment date next month.

eNaira is a digital currency created by the Central Bank of Nigeria that provides a unique form of money denominated in Naira. 

eNaira acts as both a means of exchange and a store of value, providing improved payment prospects in retail transactions. 

eNaira has a unique operational framework that is unlike any other type of central bank money.

eNaira acts as both a means of exchange and a store of value, providing improved payment prospects in retail transactions.

eNaira has a unique operational framework that is unlike any other type of central bank money.

Features and Benefits of eNaira

  • It’s a fast and secure payment channel.
  • Send, receive and spend with ease.
  • A digital storage for accessing and holding cash.
  • Can be connected to bank accounts to enable more transactions.
  • Enables affordable remittances and diaspora payments.
  • Secured with cryptographic techniques against counterfeiting, cloning, and other forms of a fraud attack.
  • The eNaira feature will be available on your bank’s Mobile App and Internet Banking for transfers to and from the eNaira wallets.

How to get started

Individuals

  • Download the eNaira Speed Wallet app on Google Play or Apple Store.
  • Click on Sign up and select your bank of choice.
  • Complete the registration process with the following details- Name, State of Origin, BVN, Account Number, Email address and other information required.

Merchants

  • Download the eNaira Speed Merchant Wallet app on Google Play or Apple Store.
  • Click on Sign up and select your bank.
  • Complete the registration process with the following details- Name, State of Origin, BVN, Account Number, Email address, and other information required.

How to fund your eNaira wallet

  • Log in to the your banks Mobile App.
  • Select Transfer and tap on eNaira.
  • Enter your eNaira Speed Wallet login details.
  • Select Deposit or Withdraw and complete the transaction with your Mobile App PIN.

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