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CBN Releases Guidelines For Enaira - Business (4) - Nairaland

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CBN Releases Cash, Orders Banks To Operate On Saturdays And Sundays / CBN Releases $265 Million To Airlines Over Repatriation Challenges / CBN Partners With Bitt Inc For eNaira, Shuns Nigerian Fintech Companies (2) (3) (4)

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Re: CBN Releases Guidelines For Enaira by Steve0979(m): 7:15am On Oct 26, 2021
Pls Mk smbody explain to m in lay man language wat dis e naira is and its benefit

1 Like

Re: CBN Releases Guidelines For Enaira by MYGRATEskillz(m): 7:15am On Oct 26, 2021
I don't get the modus operandi of this project. What is it supposed to curb or tackle or promote? I am lost as far as this govt is concerned.
Where is our national airline again? Why is this more important than that?
Re: CBN Releases Guidelines For Enaira by Onnasucs1(m): 7:16am On Oct 26, 2021
Olayetan:


lemme state the difference to my knowledge, with eNaira, you can initiate transactions to other eNaira users in the world, maybe your brother in US who uses eNaira wants to transfer money to you, you don't have to have domiciliary account before he can send directly to you.

you can operate the app between users globally without bank hassles
okay I understand now. Thanks
Re: CBN Releases Guidelines For Enaira by Alwaysachick: 7:17am On Oct 26, 2021
6ixT8:
by the time the US decided to come up with their own E-$. I fear it would spell thr end of E-naira.


So you mean Nigeria beat US to this one?
Re: CBN Releases Guidelines For Enaira by Richieniit: 7:22am On Oct 26, 2021
Kingzy4pep:
You nor know book


You way sabi book biko explain. Otondo forming him sabi.

1 Like

Re: CBN Releases Guidelines For Enaira by macrodata(m): 7:23am On Oct 26, 2021
Esseite:
This is a good initiative... it would reduce the request for dollar by a notch..

Can the Enaira be used for global transactions at the CBN rate?
That is the most important thing we all need to hear.
Re: CBN Releases Guidelines For Enaira by Trybes(m): 7:25am On Oct 26, 2021
dheaven:
Why ban crypto and be using the same blockchain technology in eNaira?
That's actually a confusion that should be cleared
Re: CBN Releases Guidelines For Enaira by seyz91(m): 7:29am On Oct 26, 2021
cheesy
NtiObaEneke:
If I say I understand this article, na lie I dey lie.
Re: CBN Releases Guidelines For Enaira by seyz91(m): 7:30am On Oct 26, 2021
you got it
Drsnives:
Copy cat
Foolish government
Re: CBN Releases Guidelines For Enaira by Parrot69: 7:30am On Oct 26, 2021
redcliff:
china wey sophisticate pass us by generations sef just only pilot phased their digital Yuan in a few cities. this project of theirs has been in the works since 2014. and you can make transactions without internet or phone service. just with nfc so that people in rural areas can use the service without internet. Nigeria just wakeup one morning decide to launch "crypto" and tell us say e don dey ready. what exchanges can i buy this enaira? how do i fund my wallet from outside the country without going through a nigeria bank account?


Nigeria is a badly told joke. lmao!!!

Just shut up.
I don’t live in China but I make transactions via Alipay or Wechat pay. That is China version of online transaction. That what CBN is trying to imitate.
Go school and learn, una no wan go. Bunch of dumbos!

3 Likes

Re: CBN Releases Guidelines For Enaira by seyz91(m): 7:31am On Oct 26, 2021
cheesy
NotBeenPaid:

e-Naira - e-Inflaton
Physical Naira - Physical Inflation.

Re: CBN Releases Guidelines For Enaira by seyz91(m): 7:31am On Oct 26, 2021
you det mind them undecided
dheaven:
Why ban crypto and be using the same blockchain technology in eNaira?
Re: CBN Releases Guidelines For Enaira by seyz91(m): 7:32am On Oct 26, 2021
mtchewww!

with all naija problem and nonsense e naira launching

wetin be your won concern be format for babe? undecided

undecided
GoodLord95:
Central Bank neva ready
Why put unreasonable limits if you really want youths to patronize your enaira?, Imagine someone will now get 20k once daily withdrawal limit, well it also has its own good side because you don get automatic excuse for your babe be that grin cheesy
Re: CBN Releases Guidelines For Enaira by Nobody: 7:35am On Oct 26, 2021
I like ur enlightenment, can you tutor me on how to buy electronic from China via WeChat pay and alipay,

I will be grateful.

Parrot69:


Just shut up.
I don’t live in China but I make transactions via Alipay or Wechat pay. That is China version of online transaction. That what CBN is trying to imitate.
Go school and learn, una no wan go. Bunch of dumbos!
Re: CBN Releases Guidelines For Enaira by sicily4u: 7:39am On Oct 26, 2021
Ynix:

Make them share e-money like how china did to boost more use

Are u OK, why quote
Re: CBN Releases Guidelines For Enaira by Yemi4luv: 7:41am On Oct 26, 2021
I have downloaded it, it's like Bitcoin, if you want to send money to someone it's very easy the person must have the enaira wallet address like Bitcoin wallet address, you don't need the person account number

2 Likes

Re: CBN Releases Guidelines For Enaira by IAmSkinny: 7:41am On Oct 26, 2021
famousroland:
I downloaded the app and registered, I was expecting federal government to give us Airdrop but unfortunately, none was given

This what I've been waiting for. Since I've confirmed that there is no AIRDROPS, I won't even bother downloading the app
Re: CBN Releases Guidelines For Enaira by booblacain(m): 7:42am On Oct 26, 2021
Esseite:


It almost replaces the use of dom accounts.. if it pegs transactions at CBN official rates, it kills the BDC markets or automatically returns unofficial rates to only two dollar difference.

I don't understand this your explanation. The enaira wallet is not a dollar wallet, I hope you know that. So how does it replace a form account?
Re: CBN Releases Guidelines For Enaira by Johel(m): 7:46am On Oct 26, 2021
valentineuwakwe:


Source: https://dailypost.ng/2021/10/25/cbn-releases-guidelines-for-enaira/


Total rubbish...what positive effect will this have in our present Economy.?
Re: CBN Releases Guidelines For Enaira by kolakolex: 7:46am On Oct 26, 2021
Olayetan:


lemme state the difference to my knowledge, with eNaira, you can initiate transactions to other eNaira users in the world, maybe your brother in US who uses eNaira wants to transfer money to you, you don't have to have domiciliary account before he can send directly to you.

you can operate the app between users globally without bank hassles

This is the best reasonable explanation I have seen so far; we need more details about this app.
Re: CBN Releases Guidelines For Enaira by hakeem4(m): 7:47am On Oct 26, 2021
I’ve been having issues registering with the app
Re: CBN Releases Guidelines For Enaira by Akwamkpuruamu: 7:47am On Oct 26, 2021
Esseite:


It almost replaces the use of dom accounts.. if it pegs transactions at CBN official rates, it kills the BDC markets or automatically returns unofficial rates to only two dollar difference.

This is a speculation. None has proved this yet. But if it is true, then I will gladly fund the enaira wallet for foreign transactions
Re: CBN Releases Guidelines For Enaira by Akwamkpuruamu: 7:47am On Oct 26, 2021
Olayetan:



what?
you're just confused.

He told you the simple truth.

Enaira can't be mined like other Cryptos
Re: CBN Releases Guidelines For Enaira by hakeem4(m): 7:49am On Oct 26, 2021
ihedioramma:
Can one make profit with the e-naira ?
no interest ooo
Re: CBN Releases Guidelines For Enaira by Kay25(m): 7:53am On Oct 26, 2021
Instead on working on naira stability they are creating loopholes for easy looting via digitalisation
Re: CBN Releases Guidelines For Enaira by JackWolfskin: 7:55am On Oct 26, 2021
MrOON:
I have some questions.


1. What's the difference between this e-naira and the soft naira i transfer to my clients for business using ussd or bank app?

2. Is E-NAIRA mineable like some other cryptos?

3. Is this the 1 dollar 1 e-naira = 1 naira, APC promised Nigerians?

1. They are the same.

2. Yes with a caveat. Only by the CBN. Lol! (The reason is you need money to print real money. This is just a quicker way to 'printing/minting' physical Naira notes and corrupt enrichment of course)

3. If you ask me, na who I go ask?


Bonus answer - Fraud will increase!
Re: CBN Releases Guidelines For Enaira by olaniyilukman(m): 7:56am On Oct 26, 2021
post=107066148:
Anything to move our darling nation forward is all we want.

Many sane and hardworking Nigerians are optimistic as Africa's largest economy gears up to launch the continent's first central bank-backed digital currency, the eNaira.
Authorities hope to tap into the popularity of cryptocurrency so it can better monitor digital currency transactions, curb black market trading in the paper naira and also help integrate millions of Nigerians into banking.

It is going to make cross border payments easier and it is going to make it easier for the naira to be widely used and accepted.
So, Nigeria is gradually getting to the point where cryptocurrency is seen as an unstoppable force."

The eNaira will promote blockchain technologies like cryptocurrency, which Central Bank authorities banned in back in February, citing its volatility and investment risk for citizens.

The CBN then promised to provide a safer alternative - the eNaira.
Authorities and experts say the eNaira will ease monetary transactions and improve long-term value for Nigeria's currency, compared to its paper counterpart, which has hit its lowest value since 2003.
The CBN also says the eNaira saves on printing and distribution costs for cash.

The eNaira will also help address money laundering and corruption.
Everything built on blockchain is very safe and secure.
Another thing again is it's universal, parts of the benefits they intend to achieve with the eNaira is it will be used for both international and local trade and also it's going to be to fight corruption,.


A better Nigeria is all we want.
Nigeria will be great again in our lifetime.
God bless Nigeria.


You've said it all.
God bless you and yours.
No nation is moving forward, remember the slogan, same naira same value.... To hell with CBN
Re: CBN Releases Guidelines For Enaira by taiwotosho22(m): 7:59am On Oct 26, 2021
MrOON:
I have some questions.


1. What's the difference between this e-naira and the soft naira i transfer to my clients for business using ussd or bank app?

2. Is E-NAIRA mineable like some other cryptos?

3. Is this the 1 dollar 1 e-naira = 1 naira, APC promised Nigerians?
The difference is that you can't make withdrawal with E-naira account while it is done on ordinarily naira account through payment channels.
Re: CBN Releases Guidelines For Enaira by booblacain(m): 7:59am On Oct 26, 2021
Jeezuzpick:
5000 downloads?

Please compare with:

1. Tiktok
2. Instagram
3. Bet9Ja

Then you will know that so far the launch is a monumental flop.

How many downloads did those apps you mentioned get in their first day of launch? why are you people so negative?

1 Like

Re: CBN Releases Guidelines For Enaira by Nobody: 8:00am On Oct 26, 2021
Itohanmiwa:
For those with vision key into this opportunity by Nigeria, let the doubters continue doubting and I hope it isn't too late for them when they realise the opportunity their hate for this administration cost them. Nigeria will be great again this I know.

What are the opportunities in enaira?
Re: CBN Releases Guidelines For Enaira by Nobody: 8:01am On Oct 26, 2021
taiwotosho22:

The difference is that you can't make withdrawal with E-naira account while it is done on ordinarily naira account through payment channels.

I don't understand this.

You mean if I need physical cash, I can withdraw from atm?

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