Browsing Tag
Naira
10 posts
De-Dollarization: Nigeria Regrets Ditching the US Dollar For Trade
The Nigerian government announced in October last year that the country’s oil and gas firms would settle payments…
BRICS: New Country Rejects Local Currency for Oil, Wants US Dollar
Not every country is falling in line with the BRICS agenda of replacing the US dollar with local…
Currency: CBN Dollar Injection Aims To Stabilize The Falling Naira
The falling value of the Naira, Nigeria’s currency, has prompted the Central Bank of Nigeria to intervene. The…
BRICS: India & Nigeria Finalize Major Partnership Ditching US Dollar
BRICS member India finalized a major trade partnership with Nigeria on Friday switching away from the US dollar.…
Kenyan Shilling, Naira Loses Against Seemingly Strong US Dollar
The winds of change are now supporting the US dollar, as the American greenback has emerged victorious amid…
This Local Currency Rises 12% Against the US Dollar
The US dollar outperformed all leading currencies this month including the Chinese Yuan, Japanese Yen, and the Indian…
Currency: What’s Happening With the US Dollar and Nigerian Naira?
In Nigeria, the dominance of the US dollar is now facing a challenge. The region’s national currency, the…
Binance to End Nigerian Naira Support Amid Regulatory Scrutiny
Binance, the world’s largest crypto exchange, has announced it will stop all support for the Nigerian naira (NGN)…
BRICS: Nigeria Plans To Sell Oil in Local Currency, Not US Dollar
Nigeria had applied to join BRICS in 2023 but the application was rejected at the15th summit in Johannesburg.…
Nigerian Currency Crashes To New Low Against the US Dollar
The Nigerian local currency Naira (NGN) plunged to a new low against the US dollar reaching 893.5 on…