February 28, 2017 IBOMLLC Team

Facebook in now accepting Naira from advertisers in Nigeria; Zuckerberg kept his promise

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Remember when Marc Zuckerberg was strolling and jogging around Lagos? Well, during one of his sessions with software developers and businesses in Nigeria, people made a request to him that Facebook starts accepting Naira as a payment currency.

Previously, as is so in many parts of the world, advertisers have to pay for advertisement services on Facebook by first converting their local currencies to the few accepted currencies. On his trip to Nigeria, Zuckerberg has a sit down with some of the advertisers in Nigeria who use Facebook to reach their crowd.

They asked him to consider making Nigeria’s currency, the Naira, as one of the official currencies Facebook is accepting as advertisement services payments. On Monday, Chris Cox, the Chief Product Office at Facebook said that going forward; the social network will be taking Naira.

In response, Facebook has started accepting locally issued Nigerian Naira cards from new advertisers for payments on its ads platform, said Cox. “With 8.6 million people in Nigeria using Facebook on mobile every day, Facebook is a great place for businesses to reach their customers and market their products and services.

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