eNaira: CBN,Bankers’ Committee Take Roadshow To Balogun Market

Traders at Balogun Market and others within the vicinity in Lagos Island were today filled with excitement as the Central Bank of Nigeria (CBN) in collaboration with the Bankers’ Committee took sensitization on the country’s eNaira online financial transaction portal to them.

The sensitization programme was held amidst rainfall and traders defied the weather to come out to subscribe to the initiative.

Wearing customized T-shirt on the eNaira, the traders were happily taking pictures with CBN and Bankers’ Committee officials , as well as the Nollywood actor who is the brand ambassador for the project.

The e-Naira is part of the initiatives of CBN to drive increased financial inclusion of Nigerians.

According to the apex bank, the portal offers low charges on transactions while enabling seamless cross border payments.

eNaira is a Central Bank of Nigeria-issued digital currency that provides a unique form of money denominated in Naira.

Records by the bank say the platform ” serves as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments.

It “has an exclusive operational structure that is both remarkable and nothing like other forms of central bank money.

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