Nigeria has made a bold and exciting decision: it will now sell its oil in its local currency, the naira, instead of using U.S. dollars. This move is seen as a major step toward boosting Nigeria's economy and gaining more control over its natural resources. Let's break down what this means and why it’s a big deal.

Nigeria’s Oil Power

Nigeria is one of Africa's biggest oil producers, with 323 onshore and offshore oil fields. These fields are connected to 265 production stations and 31 ...