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Cryptopolitan 2024-10-07 22:35:18

Nigeria ditches US dollar, will now sell crude oil in naira

Nigeria, Africa’s biggest oil-producing country, is done with selling crude oil in US dollars. The government has decided to start selling in naira. This change was made by the Federal Executive Council (FEC). Nigeria’s oil industry relied heavily on foreign currency, specifically the dollar, for decades. Mohammed Manga, spokesperson for the Ministry of Finance, explained

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