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

by SB Crypto Guru News
October 1, 2024
in Crypto Updates
Reading Time: 1 min read
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Nigeria Unveils Oil-for-Naira Program to Stabilize Local CurrencyNigeria 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, […]



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