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CBN marks first anniversary of E-Naira

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By Nicole

CBN has unveiled a programme for the first anniversary of the launch of E-Naira.

A calendar of events has been released by the Central Bank of Nigeria (CBN) to mark the first anniversary of the introduction of the “E-Naira,” Africa’s first central bank digital currency (CBDC). The E-Naira was publicly introduced by President Muhammadu Buhari on October 25, 2021. Osita Nwanisobi, the director of corporate communications, said in a statement that the introduction of the E-Naira has established Nigeria as one of the forerunners in the deployment of a CBDC into live production.

The IMF, World Bank, other Central Banks, and the CBDC community, according to the statement, had continued to show interest in this. The CBN will hold a one-day workshop titled “Leveraging Innovation for Inclusive Growth and Development: The E-Naira Advantage” scheduled to take place on October 25, 2022, at the Eko Hotel and Suites, Victoria Island in Lagos. As part of the events planned to mark the first anniversary of the E-Naira, according to the statement. The workshop’s goals include a one-year evaluation of the E-Naira implementation process, public involvement to encourage future E-Naira adoption, and facilitation of a global policy conversation on CBDC to encourage peer learning and benchmarking.

Upcoming event will be hosted by the Governor, Godwin Emefiele.

Ministers of Communication and the Digital Economy, as well as the Minister of Humanitarian Affairs, will speak at the event, which will be hosted by the Governor, Godwin Emefiele. The heads of the Securities and Exchange Commission (SEC), Nigeria Inter-Bank Settlement System Plc (NIBSS), Nigerian Deposit Insurance Corporation (NDIC), National Information Technology Development Agency (NITDA), members of the Bankers’ Committee, academics, financial services and telecommunications regulators, businesspeople, agents, cooperative groups, technical experts, and representatives from the entertainment industry are among the other prominent attendees at the event.

This digital money will make transactions simple, but it differs from existing digital currencies in that it will be issued by the CBN, a governmental institution. A financial system with minimal costs and assurance of greater efficiency might be made simple to access through the use of digital naira. Without having a bank account, the low-cost payment method enables transactions between people and customers to businesses via smartphones. The advantages of the digital naira can guarantee that individuals would have new perspectives on how to use financial services.

App is all about the experience usability and purpose.

App contains and embodies brand principles that emphasize effectiveness and use while keeping your security in mind. This App was created with a greater understanding of the client, their values, their skills, and their constraints in mind. Customers can now transfer funds quickly and easily from their bank accounts to their E-Naira wallets. By scanning QR codes, customers can pay in-store using their E-Naira wallet. Customers can check their balances in their E-Naira wallets and read transaction histories and gives customers the option to send money to one another via a linked bank account or credit card.

For both people and enterprises, the E-Naira App develops specialized, all-inclusive solutions. There is no one-size-fits-all service methodology used by us. E-Naira is a result of our conviction that we can make life simple and safe, one Naira at a time, and resides not just in your wallet but also in our tech lab, thinking and rethinking advancements. In order to ensure that you get the most out of every Naira you earn, E-Naira makes diaspora payments affordable and secure. Financial government assistance reaches you directly, and by eliminating the middlemen, E-Naira allows you to make direct fund claims.

Digital wallet is a companion for all transactions.

The E-Naira wallet is more than just an application; it is a partner in all transactions. Finding the intersection between humans and technology is crucial to our strategy. Our wallet was created to satisfy your needs and allay your concerns. The development of the E-Naira wallet involved careful consideration and analysis of real-world Nigerian circumstances as well as worldwide realities. What it really wants to know is what my wallet can do for me, not what i can do with it.


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Haykaylyon26
Haykaylyon26
1 year ago

This is a good idea of E naira it will make transaction easily with just to scan QR i think is a very simple transaction to handle, it will make money flow between two parties easily. I hope the innovation of E naira is not abused and is well secure of money

Ultra0711
Ultra0711
1 year ago

Wow am thrilled with the E-Naira features especially the fact that it reaches diaspora and is also a direct fund platform. This will really boost and increases it adoption.

Abusi
Abusi
1 year ago

It is good we designed our won Blockchain digital currency which is E- naira. We still need to do enough enlightenment for people to also adopt the usage for transactions

Tonerol10
Tonerol10
1 year ago

This is a nice idea. But hope they will do it well not the one that will affort people business

Iyanu12345ogg
Iyanu12345ogg
1 year ago

I’m impressed with E-Naira, we can make life simple and safe. Our people need to be enlightened and adopt the usage of E-Naira for transactions.

Bola12
Bola12
1 year ago

With the advent of the E-Naira, Nigeria has established itself as a trailblazer in the deployment of a CBDC into live production.

Tolaniiii
Tolaniiii
1 year ago

The workshop aims to evaluate the E-Naira implementation process, stimulate E-Naira adoption, and facilitate a worldwide policy debate on CBDC to foster peer learning and benchmarking.

Christiana
Christiana
1 year ago

The utilization of digital naira could make it less difficult to get access to a financial system that has low overhead expenses and a guarantee of higher levels of productivity.

DimOla
DimOla
1 year ago

E-naira has come to stay and it is of great benefits to us in that it is directly from CBN and every unnecessary chargers by other banks will not be possible while transacting.

Adeolastan
Adeolastan
1 year ago

The E naira by the CBN is dead before the lunching because already our economy is nothing to write about do people did not trust in CBN.

SarahDiv
SarahDiv
1 year ago

E-naira wallet will be very useful for daily transactions. It will be more beneficiary to the users by cutting off every excess charges by banks.

Remi1
Remi1
1 year ago

This digital money will make transactions simple, but it differs from existing digital currencies in that it will be issued by the CBN, a governmental institution.

theApr
theApr
1 year ago

The advantages of the digital naira can guarantee that individuals would have new perspectives on how to use financial services.

Hassan Isa
Hassan Isa
1 year ago

The launch of the electronic naira in Nigeria has helped propel the country to the forefront of the race to implement a central bank digital currency (CBDC) for use in real production.

Nwachukwu Kingsley
Nwachukwu Kingsley
1 year ago

A one-year evaluation of the process of implementing the E-Naira is one of the goals of the workshop, along with public involvement to support the adoption of the E-Naira in the future.