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Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains
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Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains

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Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains
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Source: Bitcoin.com

Nigerian Currency Becomes Worst-Performing After Erasing All Early April GainsThe Nigerian currency, which has been depreciating against the U.S. dollar in the past few weeks, has completely erased its gains from early April, making it the worst-performing currency in the world. The decline of the naira is attributed to Nigeria’s ongoing foreign exchange shortages. One economist expects the pressure on the currency to peak […]

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Author: Terence Zimwara

Related posts:

  1. Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls
  2. Nigerian Users Criticize Binance for Imposing Exchange Rate Caps on USDT to Naira Transactions
  3. Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
  4. Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency
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