It's here: Nigeria launches it Digital Currency ENaira today and this is what you need to know about the eNaira

The Central Bank of Nigerian had decided to join the Crypto currency movement after trying to shutdown crypto trading in the country. They tried to prevent Nigerian citizens from trading crypto but their plan backfired.  Today, the federal government of Nigeria launched eNaira, a crypto currency that will trade in line with the Naira note. 


The invention of the eNaira is to complement the Naira and it's not intended to replace it, says the Nigeria Central bank. “make financial transactions easier and seamless for every strata of the society,” the CBN said in emailed statement on Saturday, according to the report

As mentioned above, the Nigeria government disliked crypto trading and President Buhari banned crypto trading in the banking sector in February 2021, just to later released eNaira a few months after.  The eNaira will be issued by the Nigerian Central Bank and it will be well regulated by the CBN. 

What you need to know about Nigeria eNaira. 

  • You can link the e-wallet to your bank account or pay as you go with a prepay option

  • Your eNaira wallet offers a great way of making purchases with retailers on-site

  • Transferring or sending money while tracking rewards
  • It can be exchanged Peer to Peer
  • It is universal and anyone can own and hold it
  • it does not yield any interest and this means that one Naira is the same as 1 eNaira.


How to get eNaira: to get your hands on eNaira, you must go to the link below,

How to Open eNaira account 

  • You must download the eNaira app on your phone, it available on IOS, and Android
  • enter your NIN, BVN, KYC/AML or other identification form that you can provide
  • Enter your governmen issued ID Card
  • You will recieve and email containing the steps to activate your wallet 
  • Long in to your account and begin using it. 


Be the first to comment!

You must login to comment

Related Posts