Recently the naira surprisingly experienced a gain in value. But it was only because demand for the dollar inexplicably dipped. Imagine if buyers of Nigeria’s petroleum must first buy the naira in order to pay Nigerian National Petroleum Company Limited.
Kenya’s President William Ruto wonders, “Why (it is) necessary for Africans to buy things in Djibouti and pay in dollars,” though he suggests also, “Let’s pay in United States dollars what we are buying…
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