🗣Central Bank of Nigeria: Digital Naira Not Popular Among Citizens.
The Central Bank of Nigeria (CBN) reported that the digital Nigerian naira (eNaira) is not in high demand among citizens due to a lack of significant advantages over the regular naira.
Three years after the launch of the eNaira, the circulation of this central bank digital currency (CBDC) is only about 0.36% of the total national currency in circulation.
By the end of the first quarter, the number of eNaira coins reached 13.98 billion, a 1900% increase compared to the launch month, October 2021.