Nigerian CBDC Adoption Lags, Makes Up Less Than 1% of Currency in Use
Submitted by Anonymous (not verified) on Tue, 07/30/2024 - 14:40
Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits compared to the traditional naira. E-Naira Adoption Lags Despite […]