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“Embrace eNaira just like our physical Naira” – CBN appeals to Nigerians

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The Central Bank of Nigeria (CBN) has encouraged Nigerians to embrace e-naira, the nation’s digital currency.

The Director of Corporate Communications Department, CBN, Osita Nwanisobi, made this call at the CBN special day at the ongoing Lagos International Trade Fair on Thursday.

Highlighting the benefits of the digital currency, he said, “The e-Naira is expected to deepen financial inclusion by bringing more people into the financial space, support a resilient payment ecosystem, reduce the cost of processing cash, enable direct and transparent welfare intervention to citizens, increase transparency in revenue and tax collections, facilitate diaspora remittances, reduce the cost of financial transactions and improve the efficiency of payments.”

Noting that there have been encouraging responses to the launch of the e-Naira, Osita, said, “Today, customers who download the eNaira Speed Wallet App will be able to 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. Continue Reading

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