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)