Subscribe Us

header ads

JUST IN: Nigeria’s E-naira platform goes live


Exactly one week to the planned lunch of the Central Bank of Nigeria digital currency, eNaira, the official website of the initiative has gone live. 

The website has already recorded over a million hits barely 24 hours after going live.

The development reflects the level of interest in the proposed digital currency. According to sources, the website is designed to provide easier financial transactions for users of eNaira, it offers opportunities for peer-to-peer payments which allows users to send money to one another through a linked bank account or card; also it allows customers to move money from their bank account to their eNaira wallet with ease; can monitor their eNaira wallet, check balances and view transaction history; and make in-store payment using their eNaira wallet by scanning QR codes.

In addition, to get started, customers are allowed to scan the QR Code on the website. While speaking in New York to a gathering of foreign investors, recently, the CBN Governor, Mr Godwin Emefiele had told his audience that because of activities surrounding the country’s Independence celebration on October 1, the eNaira which was earlier planned to be launched on the same date would likely be rescheduled to October 4, 2021.

“The central bank would not want the event to take the shine away from the Independence celebration,” he said.

“We are going to be the first country in Africa to launch a digital currency. It is a novel idea because we think it will facilitate trade, Nigeria being the biggest economy in Africa, this will set the tone to tell Africa that we are ready to lead and we would indeed lead in trade and we would make sure that happens.

“Between all central bankers in ECOWAS, we are already working on a certain collaboration to make trade, payment and banking system integrate in such a way to set an example on the African Continental Free Trade Area (AfCFTA),” he added.

Post a Comment