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All You Need To About eNaira




Here is all you need to know about eNaira.

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


Hence, it would be prudent to understand why individuals should jump on the eNaira bandwagon.

Below are some things you should know:

It is a digital storage that holds the eNaira. It is held and managed on a distributed ledger.
It can be used for remittance which includes cheaper diaspora remittance option.
It is traceable, hence, fraudulent activities can be traced.
It can be used for both international and local trade.

It has a unique identity and security structure
It is exchanged peer to peer.
It is universal – anybody can hold it.
It does not yield any interest.
Payments can be made by scanning QR codes.

You can monitor your e-wallet activities.
To create an e-wallet account, for smartphone users, download the eNaira app (termed “Speed”) from either the Google Play Store or Apple Store and complete the registration process. For feature phone users, utilize USSD codes and follow the registration prompts.

To resolve failed transactions, Reach out to the customer support of the bank you selected when registering for eNaira through their available channels which include: phone, email, whatsapp, etc. If issues are not resolved within 48 hours, send an email to CBN’s eNaira Customer Support via

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