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Nigeria Seeks to Boost E-Naira Users 10-Fold as Cryptos Grow

  • E-Naira app has been downloaded 840,000 times since October
  • Second phase is focused on driving financial inclusion
Godwin Emefiele
Godwin EmefielePhotographer: Chris J. Ratcliffe/Bloomberg
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Nigeria, which has attracted just 840,000 users for its digital currency since October, is seeking to boost adoption of the e-naira almost 10-fold in the next 12 months by luring people without bank accounts. 

The Central Bank of Nigeria is targeting 8 million users in the “second phase” of the digital currency’s expansion, central bank Governor Godwin Emefiele said Thursday in Abuja, the capital.