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Nigeria Unveils Oil-for-Naira Program to Stabilize Local Currency

October 1, 2024 by DIGIT

Nigeria began selling crude oil to billionaire Aliko Dangote’s new refinery in naira on October 1st. This “oil for naira” scheme aims to ease pressure on the struggling Nigerian currency, the naira, which has lost significant value this year. However, the success of the scheme is uncertain. While Nigerians hope it will reduce fuel prices, … Read more

Categories Africa, Dangote, US Dollar


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  • bitcoinBitcoin(BTC)$89,728.00-2.54%
  • ethereumEthereum(ETH)$3,039.38-4.06%
  • tetherTether(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.05-1.86%
  • binancecoinBNB(BNB)$884.00-2.09%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$133.08-3.99%
  • tronTRON(TRX)$0.2875780.52%
  • staked-etherLido Staked Ether(STETH)$3,037.44-4.04%
  • dogecoinDogecoin(DOGE)$0.139382-5.08%