Naira declines by 8.2% amid dollar shortage

Naira declines by 8.2% amid dollar shortage

Nigeria’s naira has continued its downward slide, falling to a new low of N1,677 per dollar at the official close on Wednesday, according to data from FMDQ compiled by Bloomberg. This represents a decline of 8.2 per cent since the end of last week, as the local currency faces an ongoing scarcity of US dollars

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