eNaira App Download: how to download, use and create eNaira wallet

The Central Bank of Nigeria has concluded plans to launch and release the eNaira App for public use starting October 1. The eNaira is a central bank Digital currency (CBDC) issued by Nigeria’s Apex bank to counter the rise and wide spread use of crypto currency such as Bitcoin in the country.

CBN says the eNaira will be minted by licensed fintech companies, and it’s hyperledger will be recorded on blockchain – the same technology that powers most crypto currencies.

How to download the eNaira app

The eNaira app is not yet available for download, it will go live on October 1 when the app will be available for public download via the Google Play Store for Android users and on Apple store for iOS. When live, customers can download the app and create a wallet to store their digital currency.

How to create and Requirements for creating an eNaira wallet.

To create a wallet to hold your eNaira coins, you have to download the app from your respective app stores. Here are the requirements for unboarding:

  • National identification number NIN, Biometric verification number BVN,
  • Identification details (i.e., Name, Place and Date of Birth, Phone Number)
  • Passport Photograph
  • A valid Email address.

eNaira Features

Unified Payment System
Customers can now move money from their bank account to their eNaira wallet with ease.

Contactless Payment
Customers can make in-store payment using their eNaira wallet by scanning QR codes.

Bank Account Management
Customers can monitor their eNaira wallet, check balances and view transaction history.

Peer-to-Peer Payment
Allows users to send money to one another through a linked bank account or card.

eNaira fosters Economic Growth by offering easier access to capital and financial services thereby increasing economic activities at low/no interest transaction rate.

eNaira provides a secure and cheaper diaspora Remittance option and an increase in the speed of such transactions.

eNaira’s traceability limits its use for illicit or fraudulent purposes.

eNaira enables effective, equitable, and faster distribution of cash assistance to households and communities included in government Social Welfare Programs.

eNaira will accelerate Financial Inclusion.

eNaira increases Local and International Trade by making transactions cheap, safe, quick, and better.

eNaira has a stronger security because it cannot be forged or counterfeited as a result of its unique identity and security structure.

eNaira aids Revenue collection by reducing cash handling costs.

What is the eNaira website?

The official eNaira website is, the Central Bank has not chosen the usually extension that most government websites have perhaps because it aims the eNaira to be a global currency. Anybody in any part of the world can hold and transact with the eNaira.

Is eNaira a good investment asset?

The eNaira is not an investment option. It does not yield interest, the CBN warns on its website.
Unlike most cryptos that are completely decentralized, volatile and can appreciate in value, the eNaira is just the digital version of the Nigerian Naira. Its value is tied to the Naira and is therefore just a means of exchange and not an investment asset.


A writer! Columnist and an academic researcher
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