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How to Become an eNaira Agent: Requirements and Process

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How to Become an eNaira Agent

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With the ongoing challenges in internet banking and limited access to cash from banks, ATMs, and PoS machines, the Central Bank Digital Currency (CBDC) known as eNaira has emerged as a viable alternative for seamless business transactions.

As an eNaira agent, you can earn passive income by facilitating these transactions.

This digital currency, initiated by the Central Bank of Nigeria (CBN) and approved by the federal government, aims to enhance the monetary value and international acceptance of the Nigerian currency.

Becoming an eNaira Agent

A merchant is an individual authorized by commercial banks or other higher authorities to carry out various aspects of the postal outlet.

To initiate the application process, you need to prepare a comprehensive application that outlines the details of your proposed merchant activities. The application should be submitted to the Office of the Director, Banking at the CBN. It is crucial to provide accurate and complete information to ensure a smooth approval process.

To become an eNaira merchant, follow these simple steps:

  1. Visit your bank
  2. Talk to the customer care service
  3. Request the eNaira merchant application form
  4. Fill in all the necessary information
  5. Submit the completed form

The application process is free of charge, and the bank’s customer care service will guide you through the required steps. Make sure to provide all the necessary information accurately to qualify as a fully approved eNaira merchant.

eNaira Merchant Requirement

To become an eNaira agent, you need to meet certain requirements set by the Central Bank of Nigeria (CBN).

Any financial institution wishing to engage in eNaira merchant activities must submit an application for approval to the CBN.

This application should clearly state the extent of the merchant activities and the responsibilities of the relevant parties.

Responsibilities as an eNaira Agent

As an eNaira agent, you will have various responsibilities. These may include facilitating digital payments, providing cash-in and cash-out services, assisting customers with eNaira transactions, and maintaining accurate records of all transactions.

It is important to comply with the guidelines and regulations set by the CBN to ensure the smooth operation of your eNaira merchant activities.

Benefits of Being an eNaira Agent

Becoming an eNaira agent offers numerous benefits. Firstly, it allows you to tap into the growing digital payment market in Nigeria.

With the increasing adoption of digital transactions, being an eNaira agent positions you at the forefront of this transformation.

Secondly, you can earn commissions and incentives for each transaction, which can contribute to your business’s profitability.

Lastly, being part of the eNaira agent network enables you to provide convenient and secure financial services to your customers.


As the world moves towards digital currencies, becoming an eNaira agent can be a lucrative opportunity to earn passive income while contributing to the growth of the Nigerian economy.

Visit your bank today and take the first step towards becoming an eNaira merchant.

This article was updated 5 months ago


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