In what is a massive development for the BRICS bloc, Nigeria has announced a plan to ditch the US dollar in oil trades.
JUST IN: 🇳🇬 Nigeria to sell crude oil in local currency (Naira), ditching the US dollar.
pic.twitter.
com/ZHDCoYoned October 7, 2024Also Read: BRICS: India Makes Major Announcement On U.S.
Dollar UsageNigeria Ditches the Dollar, Opts to Sell Oil in Local CurrenciesSince 2022, the BRICS bloc has firmly embraced de-dollarization.
Amid BRICS opposition, Nigeria has announced its intention to ditch the US dollar in oil trade.
Specifically, the country will settle trade dealings in its local Naira and other alternative currencies...
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