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E-naira: 33 banks fully integrate platform as CBN mints 500m

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Godwin Emefiele, the Governor of the Central Bank of Nigeria, said that 33 Nigerian banks have joined the eNaira platform, with the central bank issuing N500 million in digital currency.

Ememfiele made the remarks at the presidential palace on Monday during a ceremony to launch Nigeria’s Central Bank Digital Currency, noting that the site had seen a surge in users.

He 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”.

”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

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.

Since the eNaira platform went live, the website has received over 2.5 million daily visits, according to Emefiele, who also promised 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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