ENaira: 33 Banks Join Platform As CBN Mints 500M

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said 33 Nigerian banks have joined the eNaira platform and the apex bank has minted N500 million worth of digital currency.

Ememfiele made the remarks at a ceremony at the presidential palace on Monday to launch Nigeria’s Central Bank Digital Currency, stating that the site had seen a surge in users.

According to him, 33 banks are fully integrated and live on the platform, the bank has successfully minted 500 million, financial institutions have received N200 million, over 2,000 clients have been onboarded, and over 120 merchants have successfully registered on the eNaira platform.

The CBN Governor further stated that the eNaira and the physical Naira are both legal tender with the same value and will be accepted throughout Nigeria.

The eNaira is the same Naira with considerably more options, as the tagline plainly states. Like the physical Naira, the eNaira is a legal tender in Nigeria and a CBN liability. He also stated that the eNaira and Naira will have the same value and will always be exchanged at one naira for one eNaira.

Emefiele also stated that the eNaira platform has received over 2.5 million daily visits since its launch, while promising strict adherence to the anti-money laundering and combating the financing of terrorism standards in order to maintain the integrity and stability of Nigeria’s payment system.