Monday, September 19, 2022

Video - Nigeria’s Naira struggle against the U.S. dollar persists

Nigeria is struggling to stabilize its currency the Naira amid pressure from dwindling forex inflows. Despite several attempts by the Central Bank to stabilize the local currency, its value continues to depreciate in 2022. Its value has almost declined by 49 percent against the U.S. dollar since January 2020.

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