IMF: Increasing Use of US Dollar-denominated Stablecoins in Nigeria Raises Risks to Monetary Sovereignty Seeks elimination of alleged multiple exchange rates Uwaleke urges caution on IMF's prescription for additional tax measures
Ndubuisi Francis in Abuja and Dike Onwuamaeze in Lagos
The International Monetary Fund (IMF) has raised the alarm that the increasing use of United States
dollar-denominated stablecoins in Nigeria poses risks to monetary sovereignty, potential‘digital
dollarisation’, and other issues. According to the IMF, the growing use of stablecoins for
cross-border transactions in Nigeria brings opportunities and risks.
The IMF made this observation Continued on page 5
Adichie Accuses Lagos Hospital of Cover-up over Son’s Death, Demands Accountability… Page 6 Sunday, June 14, 2026 Vol 31. No 11389
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Tinubu Rejects Terrorists’ Demand for Release of Detained Members, Mourns Gen Abubakar…Page 5
Trump, Pakistan Contradict Tehran, Say US, Israel, Iran Peace Deal to Be Signed Today Iranian supreme leader, Ali Khamenei, to be buried July 9 Festus Akanbi
United States President, Mr. Donald Trump, has declared
that a preliminary agreement aimed at ending the ongoing conflict involving the United States, Israel, and Iran is
expected to be signed today. Pakistan’s Prime Minister, Shehbaz Sharif, whose government has mediated
between Iran and the US to end their war, also confirmed yesterday that a peace deal would “likely” be finalised
within 24 hours. This is as Iran yesterday said its former Supreme Leader, Ali Khamenei, who ruled the
country for nearly 37 years before being killed by Israeli
Continued on page 5
Abdulsalami: Babangida Never Discussed June 12SaysAnnulment with Me, Abiola Not Poisoned he, Ishaya Bamaiyi, locked inside waiting room after Abacha's death Tinubu, Bio, Gowon, Obasanjo, Jonathan shower encomiums on Abdulsalami at his book launch President directs FCT minister to allocate land for his African Resource Centre Story on page 5
UNVEILING HIS BIOGRAPHY AT 84…
L-R: Former Governor of Ogun State, Chief Olusegun Osoba; former presidents, Dr. Goodluck Jonathan; Chief Olusegun Obasanjo; former Head of State, General Yakubu Gowon (rtd.); Governor of Niger State, Mohammed Umar Bago; Vice President, Kashim Shettima; Gombe State Governor, Muhammadu Inuya Yahaya; Vice President’s wife, Nana; Borno State Governor, Prof. Babagana Zulum; former Head of State and celebrant, General Abdulsalami Abubakar (rtd.); his wife, Justice Fati Lami; President of the Senate, Senator Godswill Akpabio; and Deputy Speaker, House of Representatives, Hon. Benjamin Kalu, during Abdulsalami’s 84th birthday celebration and public presentation of his biography at the Banquet Hall, Presidential Villa, Abuja... yesterday