BREAKING: CBN Launches eNaira, Mints N500m

The Central Bank Digital Currency (CBDC) eNaira has taken off with over N500m of the currency minted so far.

The Central Bank of Nigeria(CBN) Governor Godwin Emefiele said 33 banks have been fully integrated and live on the platform.

Speaking at the launch of the eNaira in Abuja on Monday, Emefiele disclosed that over 2.5 million people visit the website daily.

He said another N200 million has been issued to financial institutions.

Over 2,000 customers have been onboarded and 120 merchants have successfully registered on the eNaira platform, Emefiele stated.

Immediately after the launch, Emefiele revealed that “customers who download the eNaira Speed Wallet App will be able to perform the following: 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.”