In five Nigerian states, several communities and economic agents are now using CFA Franc to settle their commercial transactions. The new development follows the naira scarcity that ensued with the ongoing introduction of redesigned banknotes.

According to Punch NG, the states concerned are Sokoto, Zamfara, Katsina, Adamawa, and Kwara.

For more information, please see https://www.ecofinagency.com/finance/0202-44231-nigeria-economic-agents-adopt-cfa-franc-for-commercial-transactions-in-5-states