The Central Bank of Nigeria says the Pan-African Payment and Settlement System will simplify transactions and help African economies keep more value circulating within their borders. Many experts also believe this will help eliminate the expensive and time-consuming process of intra-African trade relying on the U.S. dollar.
Tuesday, May 13, 2025
Video - Nigeria’s central bank orders all banks to integrate Pan-African Payment and Settlement System
The Central Bank of Nigeria says the Pan-African Payment and Settlement System will simplify transactions and help African economies keep more value circulating within their borders. Many experts also believe this will help eliminate the expensive and time-consuming process of intra-African trade relying on the U.S. dollar.
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