The International Monetary Fund (IMF) has released a working paper assessing Nigeria's eNaira central bank digital currency (CBDC) on its first anniversary. While the IMF researchers praised the eNaira's performance, they also suggested improvements. The paper found that the eNaira's retail side was intermediated, but had no latency issues. However, it has yet to make a breakthrough beyond initial adopters, and only about 1.5% of wallets are active on any given week. The paper recommends boosting eNaira usage by incentivizing merchants and using it for social payments in conjunction with mobile money operators.