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CBN introduces eNaira app, merchant wallets

The CBN said eNaira website said interested individuals can sign-up on the eNaira speed wallet by inputting their details as captured during BVN enrollment.

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The Central Bank of Nigeria (CBN) has rolled out eNaira, the country’s first digital currency.

Recall, the eNaira was scheduled to be launched on October 1, 2021, but was later postponed due to Nigeria’s 61st-anniversary celebrations.

Osita Nwanisobi, the Spokesman of the Central bank of Nigeria (CBN), said the planned unveiling on October 1, 2021 has now been deferred due to other key activities lined up to commemorate the country’s 61st Independence Anniversary.

Speaking with newsmen in Abuja on Thursday, September 30, 2021, Nwanisobi explained that the CBN took the decision to postpone the launch, which had been initially planned to coincide with the Independence anniversary, in deference to the mood of national rededication to the collective dream of One Nigeria.

While assuring that there was no cause for alarm, he said the CBN and other partners were working round the clock to ensure a seamless process that will be for the overall benefit of the customer, particularly those in the rural areas and the unbanked population.

The digital currency has two applications — eNaira speed wallet and eNaira merchant wallet.

Techeconomy.ng gathered that two apps were rolled out on Google playstore and Apple store on Monday, October 25.

The CBN in a statement on the eNaira website said interested individuals can sign-up on the eNaira speed wallet by inputting their details as captured during BVN enrollment.

According to it, “The details include First Name, Last Name, Date of Birth, State of Origin, and Email. Your Banks are waiting to assist you in validating and updating your BVN details to ensure seamless enrolment to the eNaira Platform. Remember Your BVN details is YOUR Personal Information, Do not disclose to Anyone.”

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Meanwhile, the spokesperson of the CBN over the weekend, said President Muhammadu Buhari will launch the digital currency today, Monday.

Nwasinobi explained that the launch of the eNaira is a culmination of several years of research by the apex bank in advancing the boundaries of payment systems to make financial transactions easier and seamless.

The apex bank had postponed the unveiling of the eNaira on October 1, citing key activities lined up for the country’s 61st independence anniversary.

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  1. Pingback: CBN launches eNaira, mints N500m - Fintechs Nigeria

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