How To Open E Naira Account

Table of Contents

How to Open an E Naira Account: A Step-by-Step Guide

In recent times, the Central Bank of Nigeria (CBN) introduced the eNaira, an electronic currency aimed at enhancing financial inclusion and making financial transactions easier and more accessible. As such, opening an eNaira account has become a necessity for individuals and businesses alike. In this article, we will provide a step-by-step guide on how to open an eNaira account.

What is eNaira?

Before delving into the process of opening an eNaira account, it is essential to understand what eNaira is. Simply put, eNaira is an electronic currency issued by the CBN. It is designed to complement the physical Naira by promoting financial inclusion, increasing efficiency in financial transactions and reducing the cost of cash management.

Steps to Open an eNaira Account

  1. Visit the eNaira website: The first step to opening an eNaira account is to visit the eNaira website (www.enaira.com).

  2. Click on "Register": Once on the website, locate the "Register" button and click on it.

  3. Fill in the required information: You will be required to fill in your personal information such as your name, email address, phone number, and BVN.

  4. Verify your phone number: After filling in your personal information, you will receive an SMS with a verification code. Enter the code into the provided space to verify your phone number.

  5. Create a password: You will be required to create a strong password for your account. Ensure that your password is strong enough to prevent unauthorized access to your account.

  6. Verify your email address: A verification email will be sent to the email address you provided. Click on the link in the email to verify your email address.

  7. Set up your security question: You will be required to set up a security question and answer. This is to enhance the security of your account.

  8. Accept terms and conditions: Read and accept the terms and conditions of the eNaira account.

  9. Submit your application: Once you have completed all the steps, click on the "Submit" button to complete your application.

  10. Wait for approval: Your application will be reviewed, and you will be notified when your account is approved.

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How to Fund Your eNaira Account

After your account has been approved, the next step is to fund your account. Below are the steps to fund your eNaira account:

  1. Log in to your eNaira account: Go to the eNaira website, log in to your account using your email address and password.

  2. Click on "Fund Account": Once you are logged in, click on the "Fund Account" button.

  3. Select your preferred payment method: You will be required to select your preferred payment method. You can fund your account using your debit card, bank transfer or USSD.

  4. Enter the amount you want to fund: Enter the amount you want to fund into your eNaira account.

  5. Confirm your transaction: Once you have entered the amount, confirm your transaction and wait for your account to be credited.

Benefits of Using eNaira

  1. Increased efficiency in financial transactions: With eNaira, financial transactions are faster and more efficient.

  2. Reduced cost of cash management: The use of eNaira reduces the cost of cash management for businesses.

  3. Increased financial inclusion: eNaira promotes financial inclusion by making financial transactions more accessible to everyone.

  4. Enhanced security: eNaira accounts are more secure compared to traditional bank accounts.


Opening an eNaira account is a simple and straightforward process. By following the steps outlined in this article, you can successfully open an eNaira account and start enjoying the benefits that come with it.


  1. Why do I need an eNaira account?

An eNaira account is necessary for individuals and businesses who want to enjoy the benefits that come with using eNaira.

  1. What is the minimum amount I can fund my eNaira account with?
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The minimum amount you can fund your eNaira account with is N100.

  1. How long does it take to get my eNaira account approved?

The approval process for eNaira account usually takes a few hours to a few days.

  1. Can I withdraw money from my eNaira account?

Yes, you can withdraw money from your eNaira account.

  1. Is eNaira secure?

Yes, eNaira is a secure electronic currency designed to enhance financial transactions and reduce the cost of cash management.