Nigeria Dumps Oil Trade in US Dollars @KASIBCNEWS

ONLINE EDITOR @KASIBC_AFRICA MAKEKASIGREAT©®™

 



Nigeria Dumps Oil Trade in US Dollars @KASIBCNEWS 


The Nigeria’s official shift to conducting crude oil and refined petroleum product sales in Naira as of October 1, 2024.

 This move aligns with a directive from the Federal Executive Council (FEC), announced by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun. 

The initiative aims to boost transparency, self-sufficiency, and stability in Nigeria’s economy. 

The decision was supported by key stakeholders, including prominent figures in government and industry. 

This is seen as a bold strategic step by President Bola Tinubu’s administration.







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