CBN wants Nigerians to Accept eNaira Just as Physical Naira, Updates Website Domain For Easy Identification

CBN wants Nigerians to Accept eNaira Just as Physical Naira, Updates Website Domain For Easy Identification

  • The Central Bank of Nigeria launched its own digital currency called eNaira on Monday 25, October 2021
  • Despite several hitches and complaints, CBN has promised Nigerians that eNaira is more reliable than any cryptocurrency
  • However, not many Nigerians are excited despite CBN revealing N46.3 Million eNaira was transacted in less than two weeks

The Central Bank of Nigeria (CBN) has urged Nigerians to embrace the bank's digital currency, eNaira, in the same way that they do the real Naira, which it has termed as the nation's pride.

According to report by Dailytrust, the Director, Corporate Communications Department at CBN, Mr. Osita Nwanisobi stated this during the CBN Special Day at the ongoing 35th edition of Lagos International Trade Fair.

Nwanisobi also stressed that eNaira, like the physical Naira, is a legal tender in Nigeria and a liability of CBN.

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CBN's appeal is coming as it updates the website domain from to

CBN begs Nigerians to accept eNaira just as the physical naira no need for discrimination
Screenshot of eNaira page Credit: CBN
Source: Facebook

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He said:

“Since the eNaira platform went live, there has been overwhelming interest and encouraging response from Nigerians and other parties across the world. Today, customers who download the eNaira Speed Wallet App will be able to Onboard and create their wallet; fund their eNaira wallet from their bank account; transfer eNaira from their wallet to another wallet and make payment for purchases at registered merchant locations.”

The eNaira was introduced by President Muhammadu Buhari on October 25, 2021.

Also commenting on the eNaira, President of Lagos Chamber of Commerce and Industry (LCCI), organisers of the trade fair, Mrs. Toki Mabogunje commended the launch of the eNaira, saying, it marks a milestone in Nigeria digital economy.

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Nigeria’s trade with the rest of the world, she said, is expected to receive a boost with the launch of the digital currency.

She however stressed the need for massive awareness campaigns to tell potential users of the benefits of the operational, cybersecurity implications and its operationalization with other traditional currencies.

Bitcoin hit record high

Bitcoin has reached a new high and is presently hovering around the $64,000 level, but Nigeria will be unable to benefit from the rising crypto market due to the CBN's prohibition on cryptocurrency transactions.

CBN lament as fake eNaira Twitter account deceives Nigerians

Meanwhile, had earlier reported that the Central Bank of Nigeria (CBN) has distanced itself from fake eNaira Twitter account, @enaira_cbdc, which claims that the apex Bank is offering intervention funds to Nigerians.

The fake Twitter handle said the financial regulator is disbursing 30 billion eNaira currency to Nigerians that sign up and provide their eNaira wallet details through the link @enaira_cbdc posted.

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OPINION: eNaira and Emefiele's many reforms by Khalifa Mahmood

The Twitter handle has attracted several followers while disguising to be an account owned by the central bank, and the monetary authority has warned Nigerians not to fall victim to the perpetrators' trap.

Source: Legit

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