₦airaland Forum

akin9ja78:
Nigerians must be careful to not use hate destroys this loving country no matter how much we hate this administration we mustnt hate progress.

Idamond:
what's the essence, when the country is still going through hard times.
banks has already giving us that opportunity to do without physical cash, the govt is just looking for a way to loot More even the little money in our pocket.... why's the president really concern about money money money why not digitalize school, hospital, fire service, emergency units, police station etc. at least the poor and rich will benefit allot and we'll all celebrate him..

fsb:
This is one way to look at it. There are a few advantages to moving away from physical cash. The first is that you eliminate huge cost of producing and maintaining paper currency. The polymer notes cost more to maintain than the previous paper notes and they used to be imported from somewhere; not sure if they are now produced by NSPMN.

Second is financial inclusion.

Third i can think of is security. If everyone was doing e-naira, it becomes easy to trace all financial transactions especially illicit ones. You cant hide e-naira inside soak-away or under mattress

Fejoku:
Nice one. It's fire for fire. I wonder how these sahelian terrorists think they can be smarter than southern youths who have gone, seen and conquered different areas all around the world. They will learn the hard way and we shall avenge our dead.
Death to the fulani controlled terrorist government.

micellgevity:
In my honest opinion, I have read and read over and over again, but I still can't comprehend how eNaira is different from the Naira in my bank account that I can transfer to any other bank account. This feature which seems to be the flagship of the eNaira. The CBN banned crypto currency in Nigeria, but still went ahead to introduce eNaira which they claim use blockhchain technology. I don't think they know what they want. The best the CBN could do for Nigerians is to create an eDollar wallet where everyone will have access to forex without going to bank or bureau de change. This is how I think it should work:
1. You download the eDollar wallet and register.
2. Fund your eDollar wallet with Naira from your Naira bank account. Upon funding this eDollar wallet with Naira, your Naira automatically converts to dollars based on the CBN rate, which you can use to do do international transactions.
With this, there won't be any bureau de change or Aboki Fx to speculate the dollar price. The reason being that only the CBN will have control over the rate because the eDollar wallet belongs to them. Also, they will be able to monitor every dollar that goes out of this country for international transactions. There will also be a daily limit to the amount you can transact or transfer. Terrorists can be put under watch as there should be a law banning physical dollars in the circulation. Let all dollar transactions go through CBN eDollar wallet. In my opinion, I think the bereau de change will be out of business, the commercial banks will be boycotted and won't be able to cheat customers, speculators will not have anything to speculate and there will be one common dollar price.

Fejoku:
Nice one. It's fire for fire. I wonder how these sahelian terrorists think they can be smarter than southern youths who have gone, seen and conquered different areas all around the world. They will learn the hard way and we shall avenge our dead.
Death to the fulani controlled terrorist government.

aremuforlife:
Those that gave negative reviews thought they are harming Buhari, NO.
We are doing ourselves, a thousand miles begins with a mile. I don't see any bad in the digital wallet, it is an innovation that needs to be encouraged.

aremuforlife:
You keep shut and learn.
They have already analysis the difference between eNaira and crypto. They are different things entirely, your eNaira is the same as your physical currency.

NorthernersSuck:
Hahahahaha Oga trade with caution ooooo, this market wey you wan buy so, which Muhammad are you referring to?

YeyeGbami:
Give them a break, they just dey onboard and una expect everything to run smoothly without issues.

micellgevity:
In my honest opinion, I have read and read over and over again, but I still can't comprehend how eNaira is different from the Naira in my bank account that I can transfer to any other bank account. This feature which seems to be the flagship of the eNaira. The CBN banned crypto currency in Nigeria, but still went ahead to introduce eNaira which they claim use blockhchain technology. I don't think they know what they want. The best the CBN could do for Nigerians is to create an eDollar wallet where everyone will have access to forex without going to bank or bureau de change. This is how I think it should work:
1. You download the eDollar wallet and register.
2. Fund your eDollar wallet with Naira from your Naira bank account. Upon funding this eDollar wallet with Naira, your Naira automatically converts to dollars based on the CBN rate, which you can use to do do international transactions.
With this, there won't be any bureau de change or Aboki Fx to speculate the dollar price. The reason being that only the CBN will have control over the rate because the eDollar wallet belongs to them. Also, they will be able to monitor every dollar that goes out of this country for international transactions. There will also be a daily limit to the amount you can transact or transfer. Terrorists can be put under watch as there should be a law banning physical dollars in the circulation. Let all dollar transactions go through CBN eDollar wallet. In my opinion, I think the bereau de change will be out of business, the commercial banks will be boycotted and won't be able to cheat customers, speculators will not have anything to speculate and there will be one common dollar price.

Benwallt:
many of you rubbished the launch of th enaira but rushed to play store to download. 100k plus download within 24hrs and you don't expect issues. I know you will b quick to say na only fulanis dey download am.

blackmantis:
National Disgrace

Amotolongbo:
Lai Muhammad will announce the banning of google tomorrow.

Nigerian youths, hope you haven’t deleted your VPN?

Super1759:
Too much English is not good.. Go and sleep

Simdyofficial:
Hahahahah.. Cow app ,now e-bubu app..

Buhari will be addressing the nation tomoro-- To ban Google play store with immediate effect

No kind of pussy wey Mohammed Neva fvck

aremuforlife:
You keep shut and learn.
They have already analysis the difference between eNaira and crypto. They are different things entirely, your eNaira is the same as your physical currency.

Super1759:
Your problem is that you don't know and won't wish to learn.

We have two types of currencies
1. Fiat(paper money, physical money, controlled and centralised)
2. Crypto (soft money, online, structured by blochchain to be decentralized )

There is no middle one, no intermidate. You can't mix 1 and 2. Anything in between is not a form of currency. It's leg over to finish people like you. As long as someone have charge over it. It will be influenced and used for them.

Grow up. Common sense you don't have

SpecialAdviser:
I pity people that will transfer money to this app.

Hackers will use ur money for Christmas.

blackmantis:
National Disgrace

Super1759:
Your problem is that you don't know and won't wish to learn.

We have two types of currencies
1. Fiat(paper money, physical money, controlled and centralised)
2. Crypto (soft money, online, structured by blochchain to be decentralized )

There is no middle one, no intermidate. You can't mix 1 and 2. Anything in between is not a form of currency. It's leg over to finish people like you. As long as someone have charge over it. It will be influenced and used for them.

Grow up. Common sense you don't have

AmazingELixir:



I'm sure before it resurfaces fraudsters would have perfect ways to hack into the system....they must be in overdrive now from stories I've been hearing this far.


Anything Buhari touches turns to dust....Nigeria is in intensive care since he ascended the mantle of leadership.

AbuAeesha:
u mean those cocaine and drug pushers disgracing their homeland in abroad??

aremuforlife:
Those that gave negative reviews thought they are harming Buhari, NO.
We are doing ourselves, a thousand miles begins with a mile. I don't see any bad in the digital wallet, it is an innovation that needs to be encouraged.