No coin or asset in the world has zero volatility. It is pegged to naira price and naira does not have zero volatility. Although what you mean is understandable as it is compared with bitcoin and other cryptocurrencies which are far more volatile.
Certainly, because the Naira or the fiats in general does not portray the volume of volatility like the Cryptocurrencies does not mean it is a zero volatile.
They are still being influenced by the volume of economic fluctuations either by local or international intercourse, inflations and
are also politically manipulated such in a geopolitical crisis.
The naira is not globally admired because it can not maintain substantial values which can be hold for reserve such as the Euro and the USD.
And worse to it, the eNaira could not made a successful to dominate or recognized is because it does not have potential value different from the physical #.
Other side effect that crippled the eNaira was that the CBN failure to limit the volume of printing the physical # so, there was no regulatory index that was to advice or drive users attentions to use the electronic # when the physical # will not be circulated and reachable as usual.
Scarcity of the Physical # would had given an edge for the eNaira recognition or massive adoption m