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Nigeria Pushes Dollar-Free African Card Settlement

Nigeria pushes for intra-African card settlement without dollar conversion

Unverified — auto-generated summary, not yet reviewedFintech & PaymentsNigeriaJun 26, 2026

Nigeria has publicly advanced a proposal for intra-African card-based trade settlement that bypasses dollar conversion, directly challenging the dollar dependency embedded in current African trade finance infrastructure. The initiative positions Nigeria as an advocate for local-currency settlement mechanisms across the continent.

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