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Roqqu has become the latest Nigerian exchange to list the cNGN stablecoin, joining Quidax, Busha, Xend Finance, Blockradar, and Boundlesspay. The token is pegged one-to-one with the Nigerian Naira and backed by regulators, giving it a unique role as a compliant digital currency in the country.
Launched by Wrapped CBDC earlier this year, cNGN was designed to create a stable digital version of the Naira. It already circulates on six blockchains, including Polygon, Ethereum, Binance Smart Chain, and Base. Despite this progress, wider retail adoption is still at an early stage.
Roqqu’s decision to list cNGN signals confidence in its future. With 1.8 million users, the platform believes it can help drive grassroots adoption. Emmanuel Peter, Head of Academy and Business Partnerships at Roqqu, explained it simply: “A currency only gains value when people actually use it. That is our strength, reaching communities directly.”
To encourage this adoption, Roqqu has announced that it will waive transaction fees for cNGN trades. The exchange plans to earn revenue from fiat-to-cNGN conversions while ensuring users get familiar with the token through everyday use. The first integration supports the Base network, with more expected in the coming months.
Roqqu has built a reputation for “last-mile crypto delivery” in Nigeria, using campus tours, university workshops, and outreach to underserved communities. This approach could help cNGN grow beyond early adopters and find a place in the daily lives of ordinary Nigerians.
The company is also expanding beyond Nigeria. Its recent acquisition of Kenyan startup Flitaa added 70,000 users to its platform, opening the door for cross-border transfers between Nigeria and Kenya using cNGN. For a region where remittances and cross-border payments are expensive and slow, this could be a major step forward.
Roqqu is working closely with the cNGN team on joint marketing, education campaigns, and roadshows to build awareness. CEO Benjamin Onomor sees the stablecoin’s role stretching beyond payments into other financial services, such as low-interest loans and credit.
By adding cNGN to its platform, Roqqu is strengthening the stablecoin’s visibility and helping it inch closer to mainstream use. It also marks another sign that Nigerian exchanges are preparing for a future where digital versions of local currencies play a much larger role in everyday transactions.
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