Business
How To Open e-Naira Wallet

Where to start is to download the e-Naira app from google store place or apple.
Note that after requesting the app, you may be asked to verify your identity by entering your passcode or by using Touch ID or Face ID.
From the Home screen, tap the App store. If the e-Naira Speed Wallet app isn’t available on your home screen, swipe left to access the App Library.
To install apps, you must sign in with your Apple ID or create one.
To browse the App Store, tap Apps.
To search for apps by name, tap search (at the bottom) then type e-Naira Speed Wallet’s app.
When the app appears, tap the app. Tap GET, then tap INSTALL
Once successful downloaded, launch the e-Naira Speed Wallet.
Click on “Signup” to commence the onboarding process.
Select your Relationship bank/e-Naira Partner.
Enter mobile number and create password.
Enter the following: First name, Surname, Date of birth, State of Origin, Account number tied to your Bank, and BVN.
On successful validation, of the above details, a wallet activation mail is sent to the email address tied to your BVN.
READ ALSO: E-Naira: 12 Things To Know About Nigeria’s First Digital Currency
Go to registered mailbox and confirm receipt of email.
Click on “Active Wallet” to confirm your email and activate your speed e-Naira Wallet.
Enter your surname and password to login to the e-Naira Speed Wallet.
To Fund the e-Naira Wallet, log in to your bank Mobile/Internet Banking platform and initiate the transfer to your wallet and your
Wallet will be credited with the amount requested from your account to your wallet.
(VANGUARD)
Business
14 Nigerian Banks Yet To Meet CBN’s Recapitalization Deadline [FULL LIST]
With barely eleven weeks to the Central Bank of Nigeria’s (CBN) recapitalisation deadline, fourteen banks are yet to meet the requirement.
This comes as DAILY POST reports that 19 Nigerian banks had met the apex bank’s recapitalisation requirements as of January 6, 2025.
The banks that have complied with the CBN’s minimum capital benchmark include Access Bank, Fidelity Bank, First Bank, GTBank (GTCO), UBA, Zenith Bank, and twelve others.
READ ALSO:CBN Revokes Licences Of Aso Savings, Union Homes As NDIC Begins Deposit Payments
However, as of the time of filing this report, fourteen Nigerian banks are yet to comply.
The banks that have not met the apex bank’s recapitalisation requirement include First City Monument Bank (FCMB), Unity Bank, Keystone Bank, Union Bank (Titan), Taj Bank, Standard Chartered Bank, Parallex Bank, and SunTrust Bank.
Others are FBH Merchant Bank, Rand Merchant Bank, Coronation Merchant Bank, Alternative Bank, and other non-interest banks.
Meanwhile, financial experts have predicted possible mergers and acquisitions ahead of the March 31 deadline.
Business
Naira Extends Appreciation Against US Dollar
The naira extended appreciation against the dollar at the official foreign exchange market on Wednesday.
The Central Bank of Nigeria’s data showed that the Naira further firmed up on Wednesday to N1,418.26 per dollar, up from N1,419.07 exchanged on Tuesday.
Wednesday’s uptrend represents a slight N0.80 gain against the dollar on a day-to-day basis.
READ ALSO:Naira Records Significant Appreciation Against US Dollar
Meanwhile, at the black market, the Naira remained unchanged against the dollar at N1,480 per dollar on Wednesday, the same rate recorded the previous day.
The development comes as Nigeria’s foreign reserves further rose to $45.62 billion as of January 6th, 2026.
Recall that on Tuesday, the Naira posted a N10.24 gain against the dollar.
Business
Naira Continues Gain Against US Dollar As Nigeria’s Foreign Reserves Climb To $45.57bn
The Naira appreciated further against the United States Dollar at the official foreign exchange market, beginning the week on a good note.
Central Bank of Nigeria data showed that the Naira strengthened on Monday to N1,429.31 per dollar, up from N1,430.85 exchanged on Friday, 2 January 2026.
This means that the Naira gained N1.56 against the dollar on Monday when compared to N1,430.85 last week Friday.
READ ALSO:Naira Records Significant Appreciation Against US Dollar
At the black market, the Naira dropped by N5 to N1480 per dollar on Monday, down from N1475 traded Friday.
The development comes as the country’s external reserves rose to $45.57 billion as of Friday last week.
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