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 Bank of Russia Eases Restrictions on Purchases of Dollar and Euro Cash August 28, 2022 Trump cancels signing of housing bill with CBDC ban June 24, 2026 Russia talks up prospects of BRICS countries developing new currency March 31, 2023