This change means Nigerian businesses can now pay for AWS services directly in Naira, eliminating the need to transact in foreign currencies such as the U.S. Dollar or Euro.
On Monday, the naira hit a three-month low of N1,530 per dollar in the parallel market, commonly known as the black market.
In exploring the intriguing question of why the Canadian dollar (CAD) isn’t widely used in African economies, this article will dive into a mix of money stuff, history, and how countries deal with each other.