The Bank of Nigeria has unveiled plans to implement its new online payment system called eNaira.
Nigerian President Muhammadu Buhari launched the internet bill on Monday.
e-Naira is a Nigerian currency that can be traded online. This is the first time that Nigeria has embraced the use of internet money.
According to CBN E-Naira, it will be an effective way to trade the Naira currency used by the country.
The Central Bank of Nigeria is responsible for maintaining the system. And the CBN outlines ways to start using the new online financial system, as follows:
The eNaira software will be launched in the Google Play Store for Android users
The eNaira software will be required to download on the phone
After downloading and opening the software you will start registering where it says "Signup"
The bank with which the person is dealing will be selected
Phone number and personal information will be included
The place of registration will be written with the full name and date of birth and state of origin of the person and the bank number associated with the BVN
When the registration is complete, the message will be sent to the person's email address for confirmation
The eNaira system will be approved if "Activate Wallet" is clicked.
To start working with eNaira you will have to register with a registered password
When he opens a person will see his eNaira account
How to deposit and withdraw money in eNaira account
The one who opens an eNaira account can deposit money instantly from his bank account.
Just as one can open an eNaira account, so the banks have a system in place for the CBN.
ENaira can be found in the banking software that a person interacts with - there is a deposit and withdrawal method to choose from the banking software to send and withdraw money from eNaira account.
You will need to enter your registered email address and your BVN numbers - then enter your eNaira account password.
Some numbers will be sent to the person's phone which he will use to confirm the withdrawal or deposit.
