India has managed to reduce its oil spending in recent months, even though it’s been buying more crude oil from abroad. How is this possible? The answer lies in falling global crude oil prices. Between September and November, India’s oil import costs dropped by 9% compared to the same period
US President-elect Donald Trump has sent a strong warning to the BRICS nations – a group of countries trying to challenge the dominance of the US dollar in global trade. Trump has made it clear: if BRICS nations move forward with plans to create their own currency or replace the
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
The US is now sending a stern warning to countries that let Russian banks set up shop in their territories. The US Treasury Department says that Russia is getting around existing sanctions by opening branches of its banks in other countries. This clever move is helping them dodge the financial
