Cryptocurrency

CBN to Make eNaira Free For 90 Days

CBN to Make eNaira Free For 90 Days

  • The Central Bank of Nigeria has announced that its digital currency eNaira will be free of charges for the first 90 days
  • The governor of the bank, Godwin Emefiele also disclosed that 33 Nigerian banks have joined the digital currency platform
  • So far, 2,000 customers have been onboarded while 120 merchants have also signed up on the platform

The Governor of the Central Bank of Nigeria Godwin Emefiele has given a progress report on the eNaira following the launch of the digital currency on Monday.

While speaking at the unveiling ceremony at the Presidential Villa in Abuja on Monday, he disclosed that 33 Nigerian banks have joined the platform.

The bank has also been able to mint N500 million worth of the digital currency while providing N200 million to financial institutions.

“33 banks are fully integrated and are live on the platform. 500 million has been successfully minted by the Bank, N200 million has been issued to financial institutions”

According to Emefiele, the use of the eNaira will be free of charge for the next 90 days as it draws the attention of more users.

eNaira

The Apex bank also states that it has had more than 2000 customer signups as well as the integration of 120 merchants.

“Over 2,000 customers have been onboarded and over 120 merchants have successfully registered on the eNaira platform.”

Urging people to use the digital currency, the CBN governor stated that the eNaira and the physical Naira are both official currencies and they will be accepted nationwide.

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