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Stats: 2,753,987 members, 6,541,681 topics. Date: Saturday, 16 October 2021 at 10:22 PM
Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits / CBN Announces Plan To Launch E-Naira Wallet, Reveals CBDC Guidelines / Money Transfer Operators Authorised By CBN To Facilitate Remittances (Full List) (2) (3) (4)
|CBN To Launch E-Naira Soon, Drafts Guidelines by lwisee: 10:07pm On Aug 29|
Breaking: CBN drafts guidelines to Nigerian banks on e-Naira
The CBN recently sent a presentation to Nigerian banks about the eNaira project, revealing more details about its design and operational module. As seen by Nairametrics, the presentation described how the new currency would be designed and operated.
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by FarahAideed: 10:09pm On Aug 29|
I actually did a presentation on this to the Nigerian Mint & Print last year , E naira driven on Block chain tech
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by lwisee: 10:12pm On Aug 29|
Exactly on blockchain technology, my concern is will 1 e-Naira = 1 Naira?It will make much sense if it has more value than the regular Naira.
Update on the e-Naira 30th August,2021.
e-Naira: CBN sets N50,000 maximum transfer limits for non-account holders
The detailed presentation sent to Nigerian banks on the e-Naira project mentioned that it will have a transaction limit for customers, non-interest-bearing CBDC status, and an account value limit.
There are three levels to the CBN “Speed wallet” issued primarily to meet the October 1st deadline.
As a means to transact value, the wallet doesn’t compete with existing banks, but is awaiting the creation of wallets by banks and other innovators.
With the first tier, Speed Wallet can be used by anyone who does not have a bank account. However, users will have to submit a passport photo, a name, birth date and place, a phone number, and their address.
A fifty-thousand-naira limit is in place for Send & Receive, the minimum requirement is the individual’s National Identity Number (NIN), which will be validated. A cumulative balance of three hundred thousand naira is fixed each day.
An account with an existing bank is required for users of Tier Two wallets. The user is limited to sending and receiving two hundred thousand naira per day with a Cumulative Balance of half a million naira daily. A Bank Verification Number (BVN) is the minimum requirement for this level.
Tier three allows daily transactions of a million naira, with daily cumulative balances of five million naira. In order to qualify, you need to have at least a BVN.
Those who possess this merchant level can send or receive a million naira daily. A merchant can move as much money as they want into their bank accounts, however.
In context, the Central Bank further disclosed, neither Merchants nor Customers using the wallet will be charged a fee.
The report stated that the e-Naira is a legal tender for the entire country. It also mentioned that it will have non-interest-bearing CBDC status, a transaction limit for customers, and a value-based transaction limit.
The CBN also outlined that:
Nigerian banks will be allowed to invite all their customers to register for the e-Naira. Besides pre-generated codes, the banks can send invitation codes for onboarding to a specific list of selected customers. Onboarding will be done for customers who have a code assigned by their banks. The banks have already validated and verified these customers.
The wallet provided by its institution was merely a stop-gap measure for meeting the deadline, given that banks and other licensed operators may provide their own wallets since it didn’t intend to compete against the banks.
As a National Critical Infrastructure, the e-naira system will be subject to comprehensive security checks, all data and personally identifiable information (PII) will be kept off the ledger and will not be stored on the ledger.
Source : https://nairametrics.com/2021/08/30/e-naira-cbn-sets-n50000-maximum-transfer-limits-for-non-account-holders/
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by FarahAideed: 10:16pm On Aug 29|
Na 1 E naira would have a different value and you will need to exchange more Naira to get one and as demand grows the values grow , but it should be an alternative to hedge on the naira outside USD
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by lwisee: 10:18pm On Aug 29|
Fantastic, this sound like a good news to me. Maybe by this time next year 1 E-Naira will be equal to 10USD.
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by otosa(m): 1:15am On Aug 30|
lwisee:I don't have belief on anything coming from this government because they do not mean well for us and all they are after is how to convert the money we have in our accounts to their own. As they used NSE to scammed us.
186 Likes 12 Shares
|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by optionalY09: 2:56am On Aug 30|
Nigerian government ready to scam Nigerians
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by monferans0: 3:26am On Aug 30|
but you banned crypto, who will patronize this enaira now?
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by Tayomi37(m): 3:35am On Aug 30|
Thanks so much. Exactly my question
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by lwisee: 7:00am On Aug 30|
A lot of people will do bro, people with clean money will surely do.
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by hihilil(m): 9:07am On Aug 30|
Make them bring am out first then I go decide if I go buy.
But you know, potential btc alternative.
|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by Weselion(m): 12:47pm On Aug 30|
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by Visman(m): 12:47pm On Aug 30|
What out how vultureBBQgrill will storm this thread to praise his darling daddy for this milestone achievement
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by ogododo: 12:47pm On Aug 30|
Another opportunity to scam us.
|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by bestman09(m): 12:47pm On Aug 30|
Is this not crypto in disguise?
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by michlins(m): 12:47pm On Aug 30|
If you laughed at this guy, kindly gather here
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by kingscare1(m): 12:48pm On Aug 30|
Buy dip when the e-naira commences if both the paper naira-to-enaira are not at the same rate and hold it because it will appreciate in value due to day-by-day online business transactions.
In the other way round, if the rate of the paper naira and e-naira is the same don't buy because both of them would experience naira-dollar frustration respectively.
My 2 cent.
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by seyz91(m): 12:48pm On Aug 30|
you no lie
|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by chloride6: 12:48pm On Aug 30|
Makes no sense...
1 e-naira equals 1 physical naira..
|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by Beloved3: 12:48pm On Aug 30|
Where are they planning to host the servers?
It would be a joke to host our digital currency on foreign servers.
And just in case they are planning to build data centres here in Nigeria for the project, I hope they know that is a huge electricity demand and it's as if Nigeria does not even produce enough electricity to power the whole of Lagos 24/7.
And hopefully they are not planning to run the data centres on generators because that would be dragging the country eons back. Everyone at this stage is looking towards Sustainability and cutting off green house gases.
Dear Naija, which way?
If only we could fix electricity, many things will start to fall in place gradually.
When we fix electricity, we monitor crime effectively with CCTV and drones.
We experience transformation of our educational sector - digital transformation.
We experience industrialization - companies will troop in, and the ABA boys and indigenous manufacturing gurus will rise
We crack down on corruption - everything becomes transparent and digital - every fraud will be traceable digitally except you go and bomb the data centres to erase data ( equivalent to how they burnt the NFF office and other offices just to destroy files).
Our economy improves, we rely less on petroleum, we see massive advancement etc.
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by GboyegaD(m): 12:48pm On Aug 30|
FaraAideed and other supporters of the currency,
What backs up the eNaira considering the inconsistencies of the Nigerian monetary regulators, the monoeconomic situation of Nigeria, the political and economic instability of the country?
15 Likes 2 Shares
|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by SEGLIZ: 12:49pm On Aug 30|
I didn't read before comment o.
now let me go and read.
|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by inoki247: 12:49pm On Aug 30|
lol Confused people...
You will soon Launch Naira Marley sef....
Na trap oh ones u put ur Money dem go freeze am nd tell u aw u take acquire the E Money abi wetin na so ur money go lost...
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by stevebond007(m): 12:49pm On Aug 30|
Just unban crypto currency and twitter, first!
Slowpoke, Clueless govt.
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by Willie2015: 12:49pm On Aug 30|
Buhari govt will go...
Another one will come... 2023...
And freeze it...ban it and kill it...
Leave the masses on their own ...
We have been in this system long enough to know
How it works....
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|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by FarahAideed: 12:50pm On Aug 30|
One e naira can never be one Naira ...wake up
|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by Mrquote: 12:50pm On Aug 30|
lwisee:How will it be made to have more value?
|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by RodgersAkpafu: 12:50pm On Aug 30|
lwisee:I really doubt this
|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by Dottore: 12:51pm On Aug 30|
|Re: CBN To Launch E-Naira Soon, Drafts Guidelines by busariabeyx24(m): 12:51pm On Aug 30|
Anonymous hackers, I hope you can hear dis
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