Nigeria CBDC adoption spikes as fiat currency shortage grip the nation
The lack of physical cash forced Nigerians to use the eNaira. In a country where cash accounts for about 90% of transactions, the value of eNaira transactions increased 63% to 22 billion nairas ($47.7 million), revealed a Bloomberg report.
The total number of CBDC wallets grew more than 12 times compared with October 2022 and is currently at 13 million.