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The Lagos

Dollar Scarcity and Supplier Payments: How Nigerian Importers Are Using Stablecoins

Dollar Scarcity and Supplier Payments: How Nigerian Importers Are Using Stablecoins
Photo: Nairametrics · view original

The standard way to pay a foreign supplier is sound: file your documents, get dollars through an authorized dealer bank, and wire the money. In 2026, with the naira steadier, it works better than it has in years. It still breaks on timing. Dollars that arrive in three weeks cost more than dollars...

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