The Central Bank of Nigeria has announced that it will reduce transaction fees on its central bank digital currency (CBDC) platform e-naira by 50% in an effort to increase transaction volume on the platform, Bitcoin.com reported. The Central Bank of Nigeria believes that wider adoption of CBDCs will boost the volume of cross-border trade in Nigeria. Additionally, a report says that Nigerian businesses that sign up as e-naira merchants have the opportunity to increase their e-commerce transactions by 50%. In addition, in order to increase the number of e-naira users, the Central Bank of Nigeria announced the USSD code of eNaira, which will help deepen financial inclusion and enable users without bank accounts and smartphones to access CBDC.