Same Naira, more possibilities

eNaira is a digital currency that utilises block chain technology. It is issued by the Central Bank of Nigeria (CBN) and has the same value as the fiat Naira. It guarantees secure, faster and more convenient transactions.

The objectives of eNaira is to:

  • Aid financial inclusion
  • Improve payment efficiency
  • Improve revenue and tax collection, targeted social interventions
  • Diaspora payment

The eNaira app (named 'Speed') will be available for download on Google Playstore or Apple Store.

Get Notified

Do you have a LOTUS Bank account?


4 Steps to Get Started

Sign-up on our waitlist

Once you join our waitlist and the eNaira wallet launches, an invitation code will be sent to you.

Download the app

Download the eNaira wallet app and create an account using the invitation code to sign up.

Validate your details

Enter your identification details such as NIN, BVN, Date of Birth and Emails. These details should be as it appears in your bank details.

You are all done

Fund your wallet from your app and start receiving, sending and managing your eNaira.

Want to Login to your eNaira Wallet?

Click Here

Frequently Asked Questions (FAQs)

eNaira is a central bank digital currency (CBDC) issued by the Central Bank of Nigeria as a legal tender. It is the digital form of the Naira and will be used just like cash.
The eNaira wallet is a digital storage that holds the eNaira. It is held and managed on a distributed ledger. The eNaira wallet is required to access, hold and use eNaira.
The benefits of the eNaira are:
  • Fast, cheap, reliable and available payment channel
  • Support digital economy
  • Improved economic activities
  • Simplified and easy cross border payments and trade
  • Inclusion of excluded people in the financial system
  • Improved effectiveness of monetary policies
  • Ease in targeted social interventions to support Nigerians
  • Ease in tax remittance and collection to support the Country’s growth
The eNaira will have the same value as the physical naira. As such, it will be exchanged one to one.
In line with Section 2 of the CBN Act 2007, the CBN is the issuing authority of all forms of Naira. The Central bank will also be responsible for determining the technical, regulatory and operational standards for eNaira.
eNaira is the digital form of the cash and is a direct liability on the Central Bank of Nigeria while the customer deposits are direct liabilities on the financial institutions
  • Instant settlement
  • 99.9% service availability and reliability
  • Low charges
  • No dispensing errors
  • No reconciliation issues
  • 99.9% service availability
  • Low charges
  • Nationwide acceptance
  • No dispensing errors
  • No reconciliation issues
No, it will circulate alongside cash. The eNaira will complement cash as a less costly, more efficient, generally accepted, safe, and trusted means of payment.
Yes. Similar to the privacy enjoyed by current online banking patrons, the eNaira system has been designed to ensure data and user privacy. There are also operational policies and procedures in place to protect users’ identity and privacy.
Customers will be able to access eNaira via the eNaira wallet in app stores such as Google Play store and the Apple App store. Users can also dial a USSD short code and follow the required steps to perform transactions.
eNaira is safe and secured with cryptographic techniques against counterfeiting, cloning, and other forms of attack.


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