Nigeria join BRICS for De-dollarization, to its sell crude oil in naira, ditching US dollar
In a groundbreaking move, Nigeria is set to revolutionize its oil trade by selling crude oil in its local currency, the Naira. This decision marks a bold shift from the global standard of trading oil in U.S. dollars. As Africa’s largest oil producer, Nigeria’s decision could have significant implications for its economy and the international oil market. In this video, we explore why Nigeria has chosen this path, how it could impact the value of the Naira, and what this means for the future of global energy trade. Join us as we analyze the potential benefits, challenges, and ripple effects on both the Nigerian economy and the global oil landscape.
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