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Nigeria

eNaira

Scheme name: eNaira

IIPS Type: Sovereign currency

Instruments: CBDC

Channels: , 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

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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 202134,000
Values 2021448,393 USD
Interoperability arrangementThird party
Ownership modelRegulator-owned
Governance TypologyCentral bank
Messaging standardN/A
Types of proxy IDsN/A
Use of open APIsNo
QR code standard Yes
Pro-poor governanceNo
CB governance involvementYes
RecourseYes

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