Forex policies
The Nigerian naira has reached an unprecedented low against the Great Britain Pound (GBP), plummeting to N2040/£1 in the parallel market. This drastic depreciation, amounting to a 5.39% decrease, shows the mounting economic challenges facing Nigeria. The black-market exchange rates continue to witness the devaluation of the naira, increased by soaring inflation rates reported by […]
A fierce war of words has erupted between the Presidency and former Vice President Atiku Abubakar over Nigeria’s economic policies, particularly regarding foreign exchange (forex), as the naira continues to plummet to an all-time low. Atiku criticized the government’s approach to addressing the foreign exchange crisis, accusing President Bola Tinubu’s administration of lacking concrete policy […]
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