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

Share This Post

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, […]

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

UAE Introduces Retroactive VAT Exemptions for Crypto Transactions

The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space Under the new rules, businesses dealing

Australian Police Seize $9.3M in Crypto, Bust Mastermind Behind Ghost Platform

The Australian Federal Police have taken a major step against organized crime by seizing $93 million in cryptocurrency The operation uncovered a secret encrypted communication platform, Ghost,

Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil

Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil The Central Bank of Brazil indicates that crypto assets and

Chainlink: The Investment Of A Lifetime? Analyst Thinks So

Chainlink is quite the buzzword in cryptocurrency land Well-known expert Michael Van De Poppe has described it as a “lifetime opportunity” The cryptocurrency boasts of its ability to

L2 Scaling Challenges May Undermine Ethereum and Bitcoin’s Long-Term Security

Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks As more users and transactions move to layer two (L2) solutions, these

Discovering the Creator-Driven World of Nifty Island

In the latest episode of Regina’s Web3 Gaming Odyssey, she dives headfirst into Nifty Island—a metaverse brimming with customizable islands, NFT integration, and social interaction Last