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Why Nigeria’s e-Naira App Is Not Available 48 Hours After Official Launch

Nigeria’s e-Naira app has been removed from the Playstore 2 days after its official launch. This seems to be the result of bad ratings on the mobile app after over 100,000 downloads. Google seems to have taken down the app although the merchant wallet app is still available in the Play store.

Why Nigeria's e-Naira App Is Not On The Play Store After Official Launch
Google Play Store

Although CBN spokesperson Mr. Osita Nwanisobi reacted to the news that “There is an upgrade going at the moment by Google; try in the next few hours,” after speaking to News Site Punch.

President Buhari has officially unveiled the e-Naira currency for adoption. The digital currency app and wallet are now live and available for download on iOS and Android Stores.

Why Nigeria's e-Naira App Is Not On The Play Store After Official Launch
Official Unveiling

The unveiling of the legal tender happened yesterday October 26 2021. This is after initially made plans for October 1 2021 were postponed.

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Nigeria Officially Unveils The e-Naira Currency For Adoption After Delay

During the launch at the State House In Abuja, Central Bank of Nigeria governor, Godwin Emefiele told reporters that about 500 million e-Naira were already minted. The two apps, eNaira speed wallet and eNaira merchant wallet will be the newest means of money transfer according to the bank.

Governor Godwin Emefiele believes the new digital currency will act as a wallet for bank accounts while enabling a cheaper and faster means for remittance inflows.

Nigeria Officially Unveils The E-Naira Currency For Adoption After Delay
Godwin Emefiele, CBN Governor

“Today the cost of producing the naira and coins is very high. It costs money to print naira in this country. Now, the minting of e-Naira is electronic, so it reduces cost,” he said.

Why Nigeria's e-Naira App Is Not On The Play Store After Official Launch
Bitt will mint the E-naira.

The central bank has on its website the regulatory guidelines of the currency and will need your BVN data for easy enrollment. There is no official statement from Google about the e-naira app removal, the best-case scenario is its developers removig it to perform an upgrade.

 

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