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Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits (31738 Views)

Have You Used The E-naira For Any Transaction? / E-Naira App Vanishes On Google Playstore Amid Poor Reviews / CBN To Launch E-Naira Soon, Drafts Guidelines (2) (3) (4)

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Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Lexusgs430: 5:22am On Sep 02, 2021
dhappyking:


Exactly my thoughts. You ban your banks from crypto transactions. Within a few months you create your own version. Of crypto and tell the same banks to adopt, promote and distribute it to the populace. My concern now is how will this e-naira exchange with other e- currencies that the banks should not allow or is it going to be a stand alone currency?


Any currency bearing the naira is dommed........ Another fly Nigeria doomed project.......

2 Likes

Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by REDshouse(m): 5:22am On Sep 02, 2021
Not that money kept there will be appreciating and depreciating with events and time .... not a currency to trade with...

As useless as CBN and her governor .. ...

3 Likes

Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by nelsonebby(m): 5:25am On Sep 02, 2021
I won't use anything from this terrorist government

3 Likes

Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by STINOS(m): 5:36am On Sep 02, 2021
Don't be surprised that 578,987,000 e-naira = $1.

2 Likes

Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Princedapace(m): 5:36am On Sep 02, 2021
Keep ur money in crypto. This one has no value to give u.

U better download Binance and buy useful coins there and keep. Some of these coins will give u 200 percent growth under a year.

4 Likes

Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by lwisee: 5:39am On Sep 02, 2021
adonainana:
The summary of what was written here is :-

1) you can open an e wallet either with NIN or your existing bvn linked account
2) you can send e naira from one wallet to another FREE of charge

Emphasis on the second point which is you can send naira from one account to another.

In other words imagine doing bank transfer with no charges, no atm fees, no pos fees nothing like how most countries operate.

This is the summary of what the e naira offers you

This ain’t cryptocurrency neither is it a new currency or a currency backed by naira.

It’s just the CBN telling you from the 1st of Oct 2021 you can now send naira electocnically free or charge


This is just the summary, nothing special.



The number of PoS operators and bank tellers will reduce drastically since there won't be much need for physical cash, even to buy tomatoes in the market the seller will prefer you transfer to his e_Naira account because it attracts no extra charges.
It's practically not different from the existing online banking platforms like Carbon, Kuda and others.

We need a need to know if we can use a it to buy stuffs from online stores in Nigeria and outside Nigeria.
We need to know if we can use it to buy power, pay bills, etc.

4 Likes

Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by BluntCrazeMan: 5:46am On Sep 02, 2021
nosiebaba:
If the equivalent of e-naira is the same as naira then all this is just like opening another bank account. If the can wants people to embrace this move they should make 1 enaira equal to 100 naira. Boom every one will rush in
At the start, they can peg it at ₦1=e₦1...
But the market dynamics will make them different, whether they like it or not.
The e₦ will continue to rise very very fast.
That is where it will become very clear that Nigeria now has two Currencies..

2 Likes

Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by benqo01(m): 5:58am On Sep 02, 2021
If the E-naira is equivalent to the Naira let them forget it.
The only way this will boom is if 1 e naira is 100 naira
The only advantage here is the free transactions apart from that nothing else.
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by CamusMidas: 5:59am On Sep 02, 2021
Bachelorette:
Trust CBN, after everybody has rushed in, you will now hear that they are charging per transaction. Nothing from CBN is free, they are out to make something out of it.

Just wait and see
Na how the matter go naw.
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by benqo01(m): 6:00am On Sep 02, 2021
If I can buy reacharge card,sub for my DStv,pay bills even make online transactions in and outside of Nigeria,make payment online to make purchases then I will take this serious.
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by CamusMidas: 6:01am On Sep 02, 2021
wealthgoddess:

You know I was just thinking the same thing, it is a lovely innovation but it definitely has a lot of negative sides too and I fear it might even contribute more to unemployment. Banks for example...without the physical cash will there be need for all those tellers/cashiers??
There will always be cash guy.

1 Like

Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by sazycul: 6:02am On Sep 02, 2021
adonainana:
The summary of what was written here is :-

1) you can open an e wallet either with NIN or your existing bvn linked account
2) you can send e naira from one wallet to another FREE of charge

Emphasis on the second point which is you can send naira from one account to another.

In other words imagine doing bank transfer with no charges, no atm fees, no pos fees nothing like how most countries operate.

This is the summary of what the e naira offers you

This ain’t cryptocurrency neither is it a new currency or a currency backed by naira.

It’s just the CBN telling you from the 1st of Oct 2021 you can now send naira electocnically free or charge

After 6 months, little fee will be aded to it.... we know them.
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by CamusMidas: 6:05am On Sep 02, 2021
lwisee:


This is just the summary, nothing special.



The number of PoS operators and bank tellers will reduce drastically since there won't be much need for physical cash, even to buy tomatoes in the market the seller will prefer you transfer to his e_Naira account because it attracts no extra charges.
It's practically not different from the existing online banking platforms like Carbon, Kuda and others.

We need a need to know if we can use a it to buy stuffs from online stores in Nigeria and outside Nigeria.
We need to know if we can use it to buy power, pay bills, etc.
You don't need to exaggerate to make your point you know.
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by mrMeen(m): 6:05am On Sep 02, 2021
Lexusgs430:
This must be fake news...........

From a government that bans crypto currency transactions........ grin


I would rather buy more ADA........ wink
we have a cardano guy here it seems
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Nobody: 6:12am On Sep 02, 2021
F**k this Terrorist organization.

Adopt this Nonsense at your own peril.

2 Likes

Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by faste: 6:13am On Sep 02, 2021
Spray:
Dead on arrival... we will not use it. you can not ban bitcoin and initiate your own coin later
This is not even coin,more like opening another bank account.

1 Like

Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by ignis: 6:13am On Sep 02, 2021
Nonsense invention.
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Lovenorth: 6:26am On Sep 02, 2021
Thank you our lovely president of Nigeria
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by lacum: 6:40am On Sep 02, 2021
I dont see any way this can reduce POS business. If the likes of kuda, carbon etc having similar features have not how will this one do it?
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Lexusgs430: 6:42am On Sep 02, 2021
mrMeen:
we have a cardano guy here it seems


Presently at $3.00+........ The $5 rally is now on..... wink

Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by thebosstrevor1: 6:44am On Sep 02, 2021
Binance created e naira on their platform, who gave binance the right to create e naira digital currency?

The government e naira project will make binance e naira illegal, this will make binance seek for the official Nigeria e-naira.

As for the e naira project by the Nigerian government, the advantages will be its fast transaction for cross border and local transactions , government will be able to control inflation, know the exact number of naira in circulation and will be able to easily monitor money laundering.

The banks will be the main beneficiary of this project because they are the ones licensed to issue cash to the public
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by tweakdude1: 6:44am On Sep 02, 2021
GerogeI:

Countries that have the technology to regulate electronic money have not issued one, it is these charlatans.

Subscribe at your own risk. Next one loading is hackers create and transfer trillions of Naira, naira now exchanging at 2000 per usd.

That is the problem. Is it not this same govt that rubbished crypto? How comes they are introducing E-naira 50k -300k max, I believe this plan is not safe. I call it MMM v 2.0

2 Likes

Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Rochero(m): 6:46am On Sep 02, 2021
Still ttrust Pi more than this

Hope you are freely mining Pi
If not check it on playstore or Appstore and download and start mining free.

Use the invitation code charles0402 to get started
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by seyz91(m): 6:48am On Sep 02, 2021
Confirm!
nosiebaba:
If the equivalent of e-naira is the same as naira then all this is just like opening another bank account. If the can wants people to embrace this move they should make 1 enaira equal to 100 naira. Boom every one will rush in
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by thebosstrevor1: 6:50am On Sep 02, 2021
tweakdude1:


That is the problem. Is it not this same govt that rubbished crypto? How comes they are introducing E-naira 50k -300k max, I believe this plan is not safe. I call it MMM v 2.0

E naira isn't crypto, it is a digital fiat.

Crypto is a store of value secured by encryption.

The transfer limit is 50k and 300k, that is done because of money laundering purposes
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by diplomat058(m): 6:55am On Sep 02, 2021
thebosstrevor1:


E naira isn't crypto, it is a digital fiat.

Crypto is a store of value secured by encryption.

The transfer limit is 50k and 300k, that is done because of money laundering purposes

Are you saying there are no works of cryptography in digital fiat? Even digital fiats are interchangeable and hosted on a Blockchain, unlike NFTs
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Lama70(m): 7:01am On Sep 02, 2021
Who send them msg?
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by NamelessOGBENI(m): 7:02am On Sep 02, 2021
TimeSpaceWizard:
If the money is free and is using distributed ledger, then I can spend it if transferred to me for free. Cos I wont change my naira to e-naira nor accept it as legal tender.

It is all numbers on a database, so why should I trust it?
Observing...
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by omoadeleye(m): 7:04am On Sep 02, 2021
Spray:
Dead on arrival... we will not use it. you can not ban bitcoin and initiate your own coin later


Just speak for yourself.
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by Dmeji4444(m): 7:05am On Sep 02, 2021
If Naira depreciate in value and will the e-Naira depreciate in value too? If yes, then keep it , I don't want it .
Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by MediMedi(m): 7:06am On Sep 02, 2021
Bring back our crypto

1 Like

Re: Central Bank Issues E-Naira Guidelines, Charges And Transaction Limits by thebosstrevor1: 7:07am On Sep 02, 2021
diplomat058:
Are you saying there are no works of cryptography in digital fiat? Even digital fiats are interchangeable and hosted on a Blockchain, unlike NFTs

There are cryptography in digital fiat but technicality is not what is important but the way they are issued, that is what matters. Digital fiat behaves just like your fiat thus making them not classified as crypto but the advantages is its low cost transaction, less volatility and government being able to manage inflation

The banks will be the main issuer of digital fiat

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