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CBN mints 500m eNaira as 33 banks join platform, to stabilize payment system


Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that 33 banks joined the eNaira platform as it launched today Monday 25 October 2021.

Earlier today FELLOW PRESS reported that President Muhammadu Buhari unvealed the coutry’s digital currency, called eNaira, at the presidential villa in Abuja.

Emefiele said, ”33 banks are fully integrated and live on the platform, 500 million has been successfully minted by the Bank, N200 million has been issued to financial institutions, over 2,000 customers have been onboarded and over 120 merchants have successfully registered on the eNaira platform”.

The CBN Governor also explained that the eNaira and the physical Naira are the same legal tender and will have the same value which will be accepted anywhere in the country.

”As the tagline simply encapsulates, the eNaira is the same Naira with far more possibilities. The eNaira – like the physical Naira – is a legal tender in Nigeria and a liability of the CBN. The eNaira and Naira will have the same value and will always be exchanged at 1 naira to 1 eNaira,” he added.

Emefiele also added that since the eNaira platform went live, the website it receives over 2.5 million visits daily while pledging that “there would be strict adherence to the Anti-money Laundering and Combating the Financing of Terrorism standards in order to preserve the integrity and stability of Nigeria’s payment system.”

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