Monday, September 26, 2016

Video - Nigerian currency trading at 440 Naira to the U.S. dollar

The Nigerian Naira traded much lower on Monday in the unofficial black market at 440 to the green back. This comes as dollar shortages persist in the economy. Despite removing the peg and floating its currency in July, forex shortages continue to be a serious challenge. Deji Badmus looks at what is driving the rapid depreciation of the naira.

No comments:

Post a Comment