TechBookyBusiness
No Result
View All Result
Wednesday, July 6, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Event

Nigeria’s e-Naira Is Officially Live Following Its Launch By President Buhari

Ibhadojemu Lucky Emmanuel by Ibhadojemu Lucky Emmanuel
October 25, 2021
in Event, Government, Money
Share on FacebookShare on Twitter

Nigeria’s central bank digital currency (CBDC), the e-Naira is officially live following the launch by the country’s President – Muhammadu Buhari on Monday, the 25th of October, 2021.

The launch of the highly-anticipated e-Naira took place today at the State House in Abuja. The e-Naira should have been launched weeks ago on the 1st of October but was postponed because the launch would have eaten up into the activities planned for the country’s 61st independence anniversary.

Nigeria is officially the first African country to launch a central bank digital currency (CBDC), and one out of the very short list of countries that have done so. The e-Naira was developed alongside fintech company Bitt Inc. which is known for developing CBDCs.

The “e-Naira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira. e-Naira serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments. e-Naira has an exclusive operational structure that is both remarkable and nothing like other forms of central bank money”, the e-Naira website says.

The website also adds that “when the idea was mooted, it was not a bandwagon response to create a CBDC like the rest of the world. We set out with a plan to become a trusted ally to the numerous customers we will serve and our roots continue to be firmly grounded in them. We know what they need because we listen to them every step of the way. No matter where we are in the journey, our goal remains the same – you”.

According to the apex bank’s governor- Godwin Emefiele, 500 million ($1.21 million) worth of e-Naira has already been minted.

The idea behind the e-Naira is to narrow the financial inclusion gap by providing access to financial services, creating an easy and seamless system for foreign remittances, etc. The e-Naira wallet for both individuals and merchants is already available for download on the official website and on Google Play and Apple stores. The wallet for individuals is called the e-Naira speed wallet while the wallet designed for merchants is called the e-Naira merchant wallet.

“Get Ready With Your Accurate BVN Data For Your Hitch-Free Enrolment”, the notice on the e-Naira wallet download page says.

 “To sign-up on the eNaira speed wallet, you would be required to input the following details exactly as captured during your BVN enrollment…First Name, Last Name, Date of Birth, State of Origin, and Email”, the download page adds.

The e-Naira is finally available for use. What are your thoughts?

Total
7
Shares
Share 7
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Google Playstore Removes The e-Naira Speed Wallet App Over Bad Reviews After 100,000 Downloads
    Google Playstore Removes The e-Naira Speed Wallet App Over…
  • e-Naira’s Launch May be Delayed Till October 4th, Tech Expert Says
    e-Naira’s Launch May be Delayed Till October 4th, Tech…
  • The Central Bank Of Nigeria Postpones The Launch Of The e-Naira
    The Central Bank Of Nigeria Postpones The Launch Of The…
  • The e-Naira Launches Today, Welcome To A New Dispensation
    The e-Naira Launches Today, Welcome To A New Dispensation
  • Nigeria’s Central Bank Launches its e-Naira Website Less Than Five Days Away from the CBDC’s Launch
    Nigeria’s Central Bank Launches its e-Naira Website Less…
  • Commercial Banks Begin e-Naira Sensitization Ahead Of Its Launch
    Commercial Banks Begin e-Naira Sensitization Ahead Of Its…
  • Barbados-based Bitt Inc. Has Been Named By CBN As Technical Partner For E-Naira Set To Launch October 1
    Barbados-based Bitt Inc. Has Been Named By CBN As Technical…
  • The Central Bank of Nigeria Has Been Sued For Using The Name “e-Naira” For Its Imminent CBDC
    The Central Bank of Nigeria Has Been Sued For Using The Name…
Tags: CBDCE-NairaLaunchmoneywallet
Previous Post

Boston-based Thrasio Raises $1 Billion In Fresh Funding At $10 Billion Valuation

Next Post

BNPL Firm Billie Quadruples Its valuation To $640 Million After Closing $100 Million In New Funding

Next Post
BNPL Firm Billie Quadruples Its valuation To $640 Million After Closing $100 Million In New Funding

BNPL Firm Billie Quadruples Its valuation To $640 Million After Closing $100 Million In New Funding

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • Nigeria’s AutoChek Makes A New Acquisition In Francophone-focused Classified Ad Marketplace CoinAfrique
  • South African Crypto-focused Company H20 Water Securities Secures $150 Million Funding Via The Sale Of Its H20N Token
  • Financial Inclusion In Nigeria Grew To 45 Percent In 2021 – World Bank
  • Meta Is Shutting Its Novi Digital Wallet By September 1st
  • Crypto Is The Answer To Financial Inclusion, Central African Republic’s President Says Amid Huge Aversion For Its Adoption Of Bitcoin

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin cbn china coinbase company crypto cryptocurrency e-commerce earnings earnings season elon musk facebook fintech Funding gadget google government india internet Investment ipo kenya microsoft money netflix nigeria payment payments Q1 revenue russia service shares social media Startup Stock tech tesla twitter Ukraine whatsapp

Calendar

July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Recent News

  • Nigeria’s AutoChek Makes A New Acquisition In Francophone-focused Classified Ad Marketplace CoinAfrique
  • South African Crypto-focused Company H20 Water Securities Secures $150 Million Funding Via The Sale Of Its H20N Token
  • Financial Inclusion In Nigeria Grew To 45 Percent In 2021 – World Bank
  • Meta Is Shutting Its Novi Digital Wallet By September 1st
  • Crypto Is The Answer To Financial Inclusion, Central African Republic’s President Says Amid Huge Aversion For Its Adoption Of Bitcoin
  • Popular Bitcoin Family Reveals They’ve Had Bitcoin Losses Of Up To $1 Million This Year

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$20,144.003.61%
  • ethereumEthereum(ETH)$1,136.433.22%
  • tetherTether(USDT)$1.00-0.04%
  • usd-coinUSD Coin(USDC)$1.00-0.08%
  • binancecoinBNB(BNB)$237.375.66%
  • Binance USDBinance USD(BUSD)$1.000.05%
  • rippleXRP(XRP)$0.3227972.09%
  • cardanoCardano(ADA)$0.4567961.54%
  • SolanaSolana(SOL)$35.857.03%
  • dogecoinDogecoin(DOGE)$0.0673992.40%
  • polkadotPolkadot(DOT)$6.902.94%
  • Shiba InuShiba Inu(SHIB)$0.0000102.77%
  • AvalancheAvalanche(AVAX)$18.248.39%
  • matic-networkPolygon(MATIC)$0.523.89%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071-5.36%
Posting....