• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Wednesday, July 23, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home Business

Crude Oil Buyers Should Pay Nigeria In Naira, Not Dollar – Falana

Elanza by Elanza
May 9, 2023
in Business
0
Crude Oil Buyers Should Pay Nigeria In Naira, Not Dollar – Falana
0
SHARES
4
VIEWS
FacebookTwitterWhatsappEmailTelegram

Human rights lawyer, Femi Falana, SAN, has condemned what he described as the dollarisation of the Nigerian economy, adding that the country has no business selling crude oil in dollars.

He said he has led a campaign against the dollarisation of the economy to the leadership of the Central Bank of Nigeria who have promised to address the situation but have been unable to do so.

RelatedPosts

JUST IN: CBN Maintains Interest Rate at 27.5% Amid Inflation Concerns

NNPC Declares N905bn Profit for June, Remits N6.96tn in 5 Months

Naira Loses 20 kobo Against Dollar at Official Market

Falana, who was a guest on Channels Television’s Politics Today on Monday, also questioned the position of Nigeria amid the quest by the BRICS countries and others to introduce an international currency to challenge the dollar.

“Along our campaign (against dollarization of the economy), the world is moving. The BRICS is now campaigning that it is going to have an international currency to challenge the dollar. About 24 countries have applied to join the body in their next summit that will take place in South Africa. I am simply asking, what is the position of Nigeria?

“Have we reduced ourselves to the footnote of history as far as international affairs are concerned? When you look at section 19 E of the Constitution, provides that it shall be the duty of the government of Nigeria to promote a new international economic order and that is and that is the world before us.

“We have no business selling our oil, gas, and other products in dollars, we are supposed to ask the buyers to pay in naira so that you can shore up your currency. And that is what Russia is doing currently, China is doing the same, India is doing that,” Falana said

ALSO READ:  First Bank adopts arts for mass employment, economic development

He condemned the central bank for taking advice from the IMF and the World Bank as these bodies believe that the naira is overvalued. Falana also lamented that house rent and school fees are now paid in dollars in some parts of the country.

Elanza

Elanza

Related Posts

CBN offers $876m to fx markets, pledges more liquidity support

JUST IN: CBN Maintains Interest Rate at 27.5% Amid Inflation Concerns

by Nathaniel Irobi
July 22, 2025
0

The Central Bank of Nigeria (CBN) has opted to keep the Monetary Policy Rate unchanged at 27.5%, as announced by...

NNPCL Records N5.89 trillion Revenue

NNPC Declares N905bn Profit for June, Remits N6.96tn in 5 Months

by Nathaniel Irobi
July 22, 2025
0

NNPC declares N905bn profit for June, remits N6.96tn in 5 months The Nigerian National Petroleum Company Limited (NNPC Ltd.) says...

Naira’s Appreciation Deepens, Gaining N12.34 Against Dollar

Naira Loses 20 kobo Against Dollar at Official Market

by Nathaniel Irobi
July 22, 2025
0

The naira opened the trading week almost static on Monday, trading at N1,532.54 to the U.S. dollar at the official...

Recommended

The Facts About State Creation in Nigeria: Rumour vs Constitutional Reality

The Facts About State Creation in Nigeria: Rumour vs Constitutional Reality

2 days ago
DHQ Commends OPFY’s Sustained Pressure On Terrorists, Criminals In North

DHQ Commends OPFY’s Sustained Pressure On Terrorists, Criminals In North

7 days ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Kaduna Baptist Church Donates N50,000 Each To 12 Muslims, 4 Retired Pastors

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0
  • Tinubu Orders Audit to Reform Civil Service

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (748)
  • Education (217)
  • Entertainment (311)
  • Health (195)
  • National (2,212)
  • News (8,271)
  • Opinion (307)
  • Politics (1,635)
  • Science (15)
  • Security (406)
  • Sports (444)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform