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Nigeria Inter-Bank Settlement System (NIBSS) Instant Payment (NIP) Is Now Live On eNaira platform. CBN Partners Fintech Groups For Adoption.

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Nigeria Inter-bank Settlement System is now live on eNaira, you can now transfer funds from your eNaira wallet to any Bank account of your choice in Nigeria using the NIBSS Instant Payment (NIP) feature on the eNaira platform.

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CBN stated that it will continue to innovate and upgrade eNaira platform to serve businesses and deepen the digital economy in Nigeria. The bank is already partnering with Fintechs with a robust help desk to provide support for merchants and other users towards a seamless adoption of the eNaira.

Recently, CBN launches eNaira USSD to facilitate payments. Also QR codes, and 10 digit eNaira Wallet ID are among the updated features.

Central Bank of Nigeria has also approved a reward scheme for merchants and other users of the eNaira. This include providing merchants with the required promotional (marketing) materials and subsidising the current Merchant Service Charge by 50%.

Also Read : Breaking: CBN to Enable eNaira USSD Transfer Next Week

To use the feature, Kindly visit your Google Playstore or Apple App store to update your eNaira Speed wallet or simply login to your wallet via the web at

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