This would surely help the currency crisis. Petro-dollar re-circulation in action.
Another commentator hits at the core of the problem.
We are still awaiting for oil prices rising to cure this FX shortage in both Nigeria and Egypt. it’s likely about 1/2 way there now. I think what is happening now is global financial flows first move into the biggest and most liquid markets, such as Brazil, Russia, and China. then 6 months to a year later it will find it’s way into the smaller ones like Africa.