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US Dollar Weakens Against Nigerian Naira in the Currency Markets

US Dollar Weakens Against Nigerian Naira in the Currency Markets

The Nigerian naira outperformed the US dollar in the currency markets on Wednesday. The Nigerian Foreign Exchange Market (NFEM) saw increased buyi...
MarketUS DollarCurrencyNaira
Aug, 14, 2025
by Watcher.Guru
India To Boost De-Dollarization: Buy Nigerian Oil Paying in Naira

India To Boost De-Dollarization: Buy Nigerian Oil Paying in Naira

India could advance the de-dollarization agenda and procure Nigerian oil and settle payments in their local currency, the…
BusinessIndiaDe-dollarizationNigeria
Aug, 13, 2025
2 min read
by Watcher.Guru
BRICS: Demand For US Dollar Grows in Oil Payments, Local Currency Dips

BRICS: Demand For US Dollar Grows in Oil Payments, Local Currency Dips

BRICS tried to convince other countries to ditch the US dollar and use local currencies for oil payments…
BusinessBricsUS DollarOIL
May, 23, 2025
2 min read
by Watcher.Guru
De-Dollarization: Nigeria Regrets Ditching the US Dollar For Trade

De-Dollarization: Nigeria Regrets Ditching the US Dollar For Trade

The Nigerian government announced in October last year that the country’s oil and gas firms would settle payments…
BusinessUS DollarDe-dollarizationOIL
May, 02, 2025
2 min read
by Watcher.Guru
BRICS: New Country Rejects Local Currency for Oil, Wants US Dollar

BRICS: New Country Rejects Local Currency for Oil, Wants US Dollar

Not every country is falling in line with the BRICS agenda of replacing the US dollar with local…
BusinessBricsUS DollarOIL
Mar, 31, 2025
2 min read
by Watcher.Guru