December 1, 2021

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CBN says All Transaction On eNaira Free For 90days

Transactions on the eNaira platform will be free for the first 90 days, commencing from October 25, 2021 according to The Central Bank of Nigeria.

That is, all transactions made by users from 25th to January 2022 will be free but will charge users afterwards. 

enaira free for 90 days

“The e-Naira stock wallet belongs solely to the CBN and it shall warehouse all minted e-Naira,” the guideline reads.

“Financial Institutions (FI) may create e-Naira sub-treasury wallets for branches tied to it and fund them from its single e-Naira treasury wallet with the CBN and FI may create eNaira branch sub-wallets for its branches.

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“The e-Naira branch sub wallet shall be funded from the treasury eNaira wallet.

“e-Naira Merchant speed wallets shall be used solely for receiving and making e-Naira payments for goods and services. e-Naira speed wallets shall be available for end users to transact on the eNaira platform.”

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