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Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?
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Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?

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Nigeria’s Currency Plunges as Dollar Liquidity Dries Up: Will a Naira-for-Crude Oil Swap Revive It?
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Source: Bitcoin.com

Nigeria's Currency Plunges as Dollar Liquidity Dries up -- Will Naira-for-Crude Oil Swap Revive It?The Nigerian naira recently hit a new low against the U.S. dollar, ranking among the three worst-performing currencies globally. Dollar Liquidity Dries up The Nigerian naira, which has already lost over 70% of its value in 2024, recently dropped to a record low of NGN1,670.65 per U.S. dollar on the official foreign exchange market on […]

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Author: Terence Zimwara

Related posts:

  1. Economic Intelligence Unit: Nigerian Central Bank Lacks Capacity to Defend Local Currency
  2. Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex Market
  3. Nigeria Increases Capital Requirements for Currency Dealers Nearly Sixtyfold to $1.4 Million
  4. Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa
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