Naira Declines by 8.2% Amid Dollar Shortage Despite CBN’s Policy Decision

Naira Declines by 8.2% Amid Dollar Shortage Despite CBN’s Policy Decision …C0NTINUE READING HERE >>>

According to data compiled by Bloomberg from FMDQ, the value of the Nigerian naira continued to decline.This is as the local currency struggles due to a dearth of US dollars and a drop in foreign capital inflows into the countryAccording to Bloomberg, the poor dollar inflows have kept pressure on the local currency

Henzodaily.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Data collated by Bloomberg from FMDQ has shown that the…

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