The value of eNaira in circulation rose by 302 per cent in nine months to N10.26 billion at the end of September reflecting increased adoption of Africa’s Central Bank Digitalcurrency. Vanguard also gathered that the increased adoption was driven by transactions via USSD channels. Enaira is a form of digitalcurrency under CBDC that have been centralized under the Nigerian government regulation, allowing for the tracing of every exchange made on electronic payment platforms (Akinbanjo et al., 2024). As of March 2024, eNaira, Nigeria'sdigitalcurrency, made up less than 1% of the total currency in circulation. Despite being an innovative step towards digital financial inclusion, it has yet to achieve significant adoption compared to traditional cash. In its Nigeria ‘Staff Report for the 2024 Article IV Consultation,’ the International Monetary Fund noted that the adoption of the eNaira has been slow. So far, only 13 million eNaira wallets have been created, with most of them remaining inactive. The eNaira was envisioned by Nigeria’s apex bank as an innovative instrument for transforming the economy at its launch. Godwin Emefiele, former governor of the Central Bank of Nigeria, was in charge of this initiative, which aimed for nationwide adoption. The Central Bank of Nigeria (CBN) launched the official website of its digitalcurrency, the e-Naira, on the 24th of September 2021. The digitalcurrencywas launched as Nigeria’s alternative to the more prevalent currencies like bitcoins and cryptocurrencies. As Nigeria’s central bank-issued digitalcurrencygains prominence, understanding what drives retailers to adopte-Naira is vital for its widespread implementation. eNaira, Nigeria's central bank digitalcurrency, was a big deal as Africa's first CBDC. But it hasn't really taken off. Even though it represents only 0.36% of the money in circulation, the number of eNaira tokens has shot up by 1,900% since it was launched.