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BRICS+ Series: How the BRICS Reserve Arrangement is Challenging Western Financial Dominance

Summary by Tekedia
The depreciation of the Naira continues to shake Nigeria’s economic landscape, impacting various sectors, including oil trade. Nigeria, Africa’s largest oil producer, has found itself at the center of the ongoing global debate over de-dollarization, particularly within the BRICS coalition. Despite earlier interest in joining BRICS and supporting local currency transactions, Nigeria is now resisting […] The post BRICS’ De-Dollarization Agenda: A …

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IOL broke the news in South Africa on Tuesday, April 1, 2025.
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