6Fintech & PaymentsNewJun 26, 2026
Nigeria pushes for intra-African card settlement without dollar conversion

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.
Sources · 1
- Nigeria wants African trade settled without dollar conversionstechpoint.africa · T1