May 22, 2024

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

1 min read
Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains
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 […]