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Nigeria Pushes Non-Dollar African Trade Settlement

Daya raises $2.4M and Nigeria pushes non-dollar African trade settlement

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

Nigeria has articulated a formal policy position seeking to settle African trade without dollar conversions, providing sovereign-level demand validation for stablecoin and multi-currency cross-border payment infrastructure. Return founder Tomiwa Lasebikan has simultaneously raised $2.4 million for stablecoin startup Daya, targeting African cross-border payment rails. Together the policy signal and the funding event reinforce the structural investment case for non-dollar African payment infrastructure.

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