Nigeria’s currency, the Naira, has depreciated further, slipping past the psychologically important threshold of 1,280 Naira to the US dollar…
Browsing: Devaluation
• Trade at a wide swing as illiquidity rises • Official rate closed at N435/$ in 2021 to narrow trading…
• Why Generation Y are shunning the stock market for Ponzi schemes, cryptocurrencies, betting • Operators worry about losing market patronage…
The parallel market has responded to the fresh devaluation of the naira amidst growing foreign exchange illiquidity. The local currency…
There are several reasons nations devalue their currencies. Some devalue currencies to combat trade imbalance. Others devalue their currencies to…