Nigeria CBDC adoption spikes as fiat currency shortage grip the nation Post author:MiamiCrypto Post published:March 22, 2023 Post category:Africa / Cash / CBDC / Central Bank / Fiat Money / Nigeria / South Africa The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation. You Might Also Like Canada to examine crypto, stablecoins, and CBDCs in new budget November 4, 2022 Nigerian Central Bank Sanctions Banks For Enabling Crypto Transfers April 8, 2022 Fonbnk’s Michael Kimani sorts out facts on crypto adoption in Africa December 14, 2022