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Nigeria

eNaira

Scheme name: eNaira

IIPS Type: Sovereign currency

Instruments: CBDC

Channels: Apps , QR , USSD

Use cases: Transfers & remittances (P2P) , Merchant payments (P2B)

Inclusivity level: Basic

Year of establishment: 2021

System owner: Central Bank of Nigeria

Overseer: Central Bank of Nigeria

Operator: Central Bank of Nigeria

Total Participants: 33

Volumes 2021: 34,000

Values 2021: 448,393 USD

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CategoryeNaira
Geographic reachDomestic
Geographic descriptionNigeria
Scheme governanceCentral Bank of Nigeria
Settlement agentCentral Bank of Nigeria
Participants - commercial banks33
Participants - MMOsN/A
Participants - non-bank PSPsN/A
Participants - MFIsN/A
Volumes 20180
Volumes 20190
Volumes 20200
Volumes 202134,000
Values 20180 USD
Values 20190 USD
Values 20200 USD
Values 2021448,393 USD
Governance TypologyCentral bank
Messaging standardN/A
Types of proxy IDsN/A
Use of open APIsNo
QR code standard Yes
Pro-poor governanceNo

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