A recent addition to the presentation sent to Nigerian banks on the e-Naira project highlighted that there will be a transaction limit for customers, non-interest-bearing CBDC status, and an account value limit, Oyogist reports.
There are three ties (Levels) to the CBN “Speed wallet” issued primarily to meet the October 1st deadline.
A fifty-thousand-naira limit is in place for Send & Receive, as the minimum requirement for this is the individual’s National Identity Number (NIN), which will be validated.
A cumulative balance of three hundred thousand naira is fixed each day.
For Tier two wallets, Oyogist gathered that an account with an existing bank, and a bank verification number BVN is required for the process.
The user is limited to sending and receiving two hundred thousand naira per day with a Cumulative Balance of half a million naira daily.