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Nigerian Oil Marketers Denounce Oil De-Dollarization Policy

Moussa by Moussa
March 26, 2025
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Nigerian Oil Marketers Denounce Oil De-Dollarization Policy
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Nigerian Oil Marketers Denounce Oil De-Dollarization PolicyOlufemi Adewole, Executive Secretary of DAPPMAN, warns that Nigeria’s Naira-for-crude oil transaction framework could destabilize foreign exchange (FX), deter foreign direct investment (FDI), and worsen economic challenges. He highlights the volatility of the Naira and stresses that crude oil transactions traditionally rely on the U.S. dollar for stability and global acceptability. Adewole cautions that deviating […]



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