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Nigeria

eNaira

Scheme name: eNaira

IIPS Type: Sovereign currency

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 - MMOs0
Participants - non-bank PSPs0
Participants - MFIs0
Volumes 2018-
Volumes 2019-
Volumes 2020-
Volumes 202154,859
Values 2018- USD
Values 2019- USD
Values 2020- USD
Values 2021725,520 USD
Values 202215,207,061 USD
GNI423,882,311,506
GNI (%)0.004%
Interoperability arrangementThird party
Ownership modelRegulator-owned
Governance TypologyCentral bank
Messaging standardProprietary
Types of proxy IDsBank verification number; QR code
Use of open APIsN/A
QR code standard N/A
Pro-poor governanceNo
CB governance involvementYes
Expanded use casesNo
Minimum channel functionalityYes
Minimum use case functionalityYes
All licensed PSPs can participate (all-to-all interoperability)No
RecourseNo
Not-for-lossNo

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