Tag: Nigeria** 6. **Foreign Exchange Shortage
Naira Hits 100 to the Dollar Amid Economic Pressures
The Nigerian naira weakened to a historic low of 100 to the U.S. dollar on Monday, marking its steepest decline amid mounting economic pressures, according to data from the Central Bank of Nigeria. The...
Naira Drops to 1,000 per Dollar as FX Crisis Deepens
The Nigerian naira plunged to a record low of 1,000 per dollar on Thursday as the country’s foreign exchange crisis worsened, according to data from the Central Bank of Nigeria (CBN). The depreciation, which...