CBN releases guidelines for eNaira

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 59%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

Following the launch of the eNaira by President Muhammadu Buhari, the application for the digital currency introduced by the CBN is available for

CBN said the applications has received more than 5,000 downloads within hours of the launch.

The eNaira speedwallet app meant for individuals had, as at 4.pm, seen more than 5000 downloads while the eNaira speed merchant wallet had seen close to 1,000 downloads. “Financial Institutions may create eNaira sub-treasury wallets for branches tied to it and fund them from its single eNaira treasury wallet with the CBN and FI may create eNaira branch sub-wallets for its branches.“eNaira Merchant speed wallets shall be used solely for receiving and making eNaira payments for goods and services. eNaira speed wallets shall be available for end users to transact on the eNaira platform.

Tier1 category, which has a verified number has a N50,000 transaction limit and N300,000 balance limit.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CBN Increases Health Intervention Fund To N200bnThere is an increased call for private sector investment in the healthcare sector in order to reverse the trend of foreign exchange spent on medical
Source: LeadershipNGA - 🏆 4. / 77 Read more »

CBN introduces eNaira app, merchant walletThe Central Bank of Nigeria has finally launched its Central Bank Digital Currency called eNaira on Monday. Start operation and let's see 😂 you ban crypto yet came out with you own. Lol 😂 we are your Mugu Dangerous game
Source: MobilePunch - 🏆 8. / 63 Read more »

To Boost Production, CBN Unveils New Policy to Fund 100 Private Sector Companies Every 100 DaysJames Emejo in Abuja The Central Bank of Nigeria (CBN) Monday unveiled a new financial instrument titled, “The 100 for 100 PPP – Policy on Production and Productivity” to boost support for se… Is this fiscal or monetary policy? They said poor fiscal policy is the bane to Meffy's great monetary policy. This is expansionary fiscal policy when inflation is already high.
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

eNaira: CBN issues N200 million to banksThe bank says it has minted 200 million of the digital currency. Same people ones band cryptos, ban Twitter join.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

CBN to empower 100 private companies every 100 days - Daily TrustThe Central Bank of Nigeria (CBN) has concluded plans to launch targeted interventions that will enhance the production base of 100 companies every 100 days. Oh chim Liars at its crystal. Meanwhile my name is not Ahmed Lawan Sani yerima or GUMI,so the lie won't affect me
Source: Daily Trust - 🏆 13. / 51 Read more »

Forex Crisis: CBN launches initiative to support 100 companies in 100 daysFrom November, 100 firms will be supported, and hundreds more in the coming months, and their names will be published in...
Source: PremiumTimesng - 🏆 3. / 78 Read more »