eNaira is a Nigeria-issued digital currency that uses blockchain technology. It guarantees simple, safe, fast, and convenient transactions, anytime and anywhere. It is issued and regulated by the Central Bank of Nigeria (CBN) and has the same value as the physical Naira. See it as the Naira but digital, borderless, and with more possibilities.

4 Easy Steps to Get Started

  1. Download eNaira Speed Wallet app

    Scan barcode below to download. Available for download on Google Playstore and Apple Store

    eNaira Barcode

  2. Select FCMB

    Select FCMB from the list of Banks displayed

  3. Verify yourself

    Input your email address, phone number, BVN and preferred password.

  4. Manage your wallet

    Fund your eNaira wallets directly from your FCMB Mobile App and Online Banking channels and start receiving and sending your digital currency.


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.

eNaira is safe and secured with cryptographic techniques against counterfeiting, cloning, and other forms of attack.

Yes. The eNaira system uses a two-factor authentication system in addition to cryptographic encryption to ensure the safety of customers’ wallets and the eNaira holding.

You can also reset your password within the App by navigating to the settings menu.

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 tax remittance and collection to support the Country’s growth.
  • Ease in targeted social interventions to support Nigerians.

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.

Similar to cash, any person or business can have access to eNaira as long as they have the requirements for onboarding.

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.

No. In order to move cash into your eNaira wallet, kindly go to your bank.

There are intermediaries for the typical online bank transactions, whereas for eNaira transactions, there are no intermediaries.

For smart phone users, download the eNaira app (termed “Speed”) from either the Google Play Store or Apple Store and complete the registration process.

For feature phone users, utilize USSD codes and follow the registration prompts.

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.

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.

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.

Yes. The eNaira and Cash are all variants of the legal tender. Either or both can be used to carry out transactions as the situation demands.

  • 99.9% service availability.
  • Low charges.
  • Nationwide acceptance
  • No dispensing errors.
  • Advanced data privacy and security.

While efforts will be made to put signages and decals at designated merchant locations, customers can simply ask the merchants if they accept eNaira.

As it relates to transaction charges, Central Bank Digital Currencies (CBDCs) are designed globally to provide a cheaper alternative to existing payment platforms. Subsequently, the eNaira charges will follow this convention.

For further details, please see the Guide to Charges by Banks, Other Financial and Non-Bank Financial Institutions.