SmartPreneur
Advertisement
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
SmartPreneur
No Result
View All Result
Home Trending News

After 90 Days, The eNaira Won’t Be Free

Blessing Osazuwa by Blessing Osazuwa
October 27, 2021
in Trending News
0
After 90 Days, The eNaira Won’t Be Free
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Godwin Emefiele, the Governor of the Central Bank of Nigeria has announced that 33 Nigerian banks have joined the eNaira platform, with the apex bank minting N500 million in digital money.

Join our communityJoin our communityJoin our community

The CBN Governor, Godwin Emefiele said:

33 banks are fully integrated and are 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 apex bank’s governor also mentioned that for the next 90 days, the eNaira will stay free of charges as it has already gotten the attention of a lot of users.

According to the CBN,

The charges for transactions that originate from the eNaira platform shall be free for the first 90 days commencing from October 25, 2021, and then revert to applicable charges as outlined in the Guide to Charges by Banks, Other Financial and Non-bank Financial Institutions.

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.

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

Since the eNaira platform went live on Monday, October 25, 2021, the website has received over 2.5 million daily visits, according to Emefiele, who also promised that the platform will continue to grow. He said there will be strict adherence to the Anti-money Laundering in order to preserve the integrity and stability of Nigeria’s payment system.

 

Tags: eNairaGodwin EmefieleMaking payments in NigeriaPresident Muhammadu BuhariThe Central Bank of Nigeria
Previous Post

7 Smart Habits Of Millionaires We All Should Adopt

Next Post

THE IMPORTANCE OF CUSTOMER RETENTION

Blessing Osazuwa

Blessing Osazuwa

Blessing does the research to bring you needed information for success.

Related Posts

Win Free Product Shoot In the #CaptureMyBusiness Challenge
Trending News

Win Free Product Shoot In the #CaptureMyBusiness Challenge

by Blessing Osazuwa
March 24, 2023
0

Smartpreneur, in partnership with Emblue Space and Studios, is offering an opportunity for female business owners to take their businesses...

Read more
Register now: Smartpreneur Webinar & Panel Discussion comes up on March 31
Trending News

Register now: Smartpreneur Webinar & Panel Discussion comes up on March 31

by Ruth Okwumbu-Imafidon
March 24, 2023
0

In today's fast-paced and rapidly changing economy in the country and the globe, it has become more important for today’s...

Read more
Mailchimp users will now pay 7.5% more as VAT from April 20, 2023.
Trending News

Mailchimp users will now pay 7.5% more as VAT from April 20, 2023.

by Ruth Okwumbu-Imafidon
March 22, 2023
0

Nigerians using MailChimp will have to pay 7.5% more from April 20, 2023, as the company is set to implement...

Read more
The New CBN Cash Withdrawal Policy; What will happen to MSMEs now?
Trending News

CBN Increases Lending Rate to 18%

by Ruth Okwumbu-Imafidon
March 22, 2023
0

In an aggressive push to contain the nation’s inflationary pressure, the Central Bank of Nigeria on Tuesday raised its benchmark...

Read more
NCC Directs Mobile Network Operators To Implement Harmoniesed Short Codes
Trending News

NCC Directs Mobile Network Operators To Implement Harmoniesed Short Codes

by Ruth Okwumbu-Imafidon
March 20, 2023
0

The Nigerian Communications Commission (NCC) has directed all mobile network operators (MNOs) to commence the implementation of the approved harmonized...

Read more
Naira Redesign Policy: Nigeria’s GDP Projected To Drop In Q1 2023 By About N10 Trillion
Trending News

Naira Redesign Policy: Nigeria’s GDP Projected To Drop In Q1 2023 By About N10 Trillion

by Ruth Okwumbu-Imafidon
March 20, 2023
0

Oyeyemi Kale, former statistician-general of the federation, says Nigeria’s gross domestic product (GDP) would contract in the first quarter (Q1)...

Read more
50,000 African Women to Benefit from $100m AfriLabs Business Grant
Trending News

50,000 African Women to Benefit from $100m AfriLabs Business Grant

by Ruth Okwumbu-Imafidon
March 17, 2023
0

ne of the largest communities of innovation enablers, AfriLabs, has announced that it would be supporting 50,000 African women through...

Read more
Load More
Next Post
THE IMPORTANCE OF CUSTOMER RETENTION

THE IMPORTANCE OF CUSTOMER RETENTION

Please login to join discussion

Recent News

Win Free Product Shoot In the #CaptureMyBusiness Challenge

Win Free Product Shoot In the #CaptureMyBusiness Challenge

March 24, 2023
Register now: Smartpreneur Webinar & Panel Discussion comes up on March 31

Register now: Smartpreneur Webinar & Panel Discussion comes up on March 31

March 24, 2023
Mailchimp users will now pay 7.5% more as VAT from April 20, 2023.

Mailchimp users will now pay 7.5% more as VAT from April 20, 2023.

March 22, 2023
The Power of High-Quality Product Photos for Boosting Your Ecommerce Site's Success

High-Quality Photos: The power of visuals in Boosting Your Ecommerce Business

March 22, 2023
SmartPreneur

© 2020 SmartPreneur

Navigate Site

  • Home
  • Trending News
  • Radio
  • Games & Quizzes
  • TV

Follow Us

No Result
View All Result
  • Home
  • Trending News
  • Radio
  • TV
  • Hustle Life
  • Brand Insights
  • Profiles
  • Game & Quizzes
  • Weekend Teaser

© 2020 SmartPreneur