Tag: US Dollar
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Dollar or No Dollar, EFCC’s Currency Comedy Takes Center Stage!
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EFCC, The Economic and Financial Crimes Commission recently issued a stern warning against the use of the dollar or any foreign currency for transactions within Nigeria. This move is part of the EFCC’s efforts to combat illegal forex trading and currency manipulation within the country. While the EFCC’s intentions may…
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Strategies for Earning in Dollars and Capitalizing on the Rising Dollar
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Earning in Dollars: Seizing Global Opportunities In recent years, Nigeria has faced economic challenges, including the depreciation of the Naira against the United States Dollar. Despite these challenges, there are opportunities for Nigerian youths to earn in dollars or take advantage of the rising dollar. Understanding the current economic situation…
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Situation In Nigeria: The Naira’s Decline and Its Impact on the Average Citizen
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In Nigeria, the exchange rate between the Nigerian Naira (NGN) and the United States Dollar (USD) has become a critical issue, especially with recent government policies such as subsidy removal. This is crucial to understand, especially for the average Nigerian not paid in dollars. The Current Impact of Naira Depreciation…
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Egypt Stops Using US Dollar in Trade
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On February 15th, 2024, Egypt made a groundbreaking announcement that sent ripples through the global economy and geopolitics: it would no longer use the US dollar in its trade transactions with other countries. This decision, based on economic rationality and sovereignty, marks a significant shift in Egypt’s trade policy and…