The Nigerian Naira Hits a New Low Against the US Dollar
The Nigerian currency, the Naira, has recently experienced a significant drop in value against the US dollar on the official market. On January 25th, it briefly fell to NGN1,398 per greenback, reaching a new record low. This depreciation brings the official exchange rate almost in line with the parallel market rate of NGN1,400:USD1. Continued Depreciation […]
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