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Nigeria's eNaira Wallet Use, Transactions Climb Amid Cash Shortages: Bloomberg

Nigerians have been turning to the country's central bank digital currency (CBDC) amid cash shortages, Bloomberg reported on Tuesday.

The number of eNaira wallets has jumped more than 12-fold to 13 million since October, and the value of transactions has climbed 63% to 22 billion naira ($48 million) this year, Godwin Emefiele, governor of the Central Bank of Nigeria told reporters at a press conference. The CBDC was introduced in October 2021.

(By Camomile Shumba)

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