The Federal Government has proposed the creation of a cross-border payment card aimed at facilitating transactions between African currencies directly, without the need for conversion through the U.S. dollar or other third-party currencies. This initiative seeks to enhance financial integration within the continent.

Nigeria is advocating for a cross-border payment system that eliminates the need for third-party currencies, according to Techpoint Africa. The discussion includes the recent approval of Yellow Card in Switzerland and Daya's successful fundraising of $2.4 million aimed at developing stablecoin payment infrastructure.

OnePurze is a Nigerian fintech company that aims to simplify the process for Nigerians to receive payments and send money abroad. The platform is designed to address the challenges faced by users in international transactions, providing a more efficient and user-friendly experience.

A Nigerian bank has announced the introduction of new charges on foreign currency transfers. However, transfers made by customers between their own accounts within the bank will be exempt from these new fees, according to Legit.ng.

OPay is playing a significant role in Nigeria's digital payment revolution by enhancing financial inclusion, facilitating commerce, and contributing to the development of the country's digital economy, according to Legit.ng.

Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, has inaugurated the CBN Naira Ambassadors Club, which aims to encourage young Nigerians, particularly secondary school students, to respect and properly handle the Naira. The initiative seeks to promote currency protection among the youth, according to Vanguard Business.