The Central Bank of Nigeria (CBN) has issued a warning against the abuse of the naira, citing rising costs and a reduced lifespan of the currency. Additionally, the CBN introduced the Naira Ambassadors Club aimed at students to promote awareness and responsible handling of the naira.

The Federal Government of Nigeria has announced a proposal for a pan-African payment card aimed at facilitating direct transactions between African currencies. This initiative seeks to reduce reliance on foreign currencies like the U.S. dollar, thereby lowering transaction costs and enhancing intra-African trade.

President Bola Tinubu emphasized Nigeria's young population as a significant asset in expanding digital opportunities for businesses and workers. He assured Mastercard of the country's readiness in terms of a tech-savvy workforce and expressed support for enhancing digital skills among small and medium enterprises (SMEs).

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.

The National Agency for Science and Engineering Infrastructure (NASENI) and the Code of Conduct Bureau (CCB) have signed a Memorandum of Understanding (MoU) to enhance institutional digital systems and provide technical advisory support. The agreement, finalized at NASENI's headquarters in Idu, Abuja, aims to strengthen collaboration between the two agencies.

The Nigerian naira has depreciated by at least N9 against the United States dollar at the Central Bank of Nigeria's official foreign exchange window, according to Tribune Online.