Nigerian Currency Reverses Early April Gains, Depreciating by 12% in Seven Days






The Naira recently depreciated by 12% in just seven days, thus shedding all the gains it made against the U.S. dollar in early April. Local media reports attribute the volatile nairaโ€™s latest drop to the growing mismatch between the supply and demand of foreign exchange. Demand and Supply Mismatch Just weeks after nearly breaching the [โ€ฆ]

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