• Naira Continues to Weaken Further on Dollar Shortage

    Naira Continues to Weaken Further on Dollar Shortage

    The economy of Nigeria really is in need of rapid help as the naira continues its shambolic fall against the dollar.

    The naira is expected to continue to weaken this week on limited dollar supply as foreign portfolio investors stay on the sidelines until the Nigeria economy shows signs of recovering from the impact of currency controls, foreign exchange traders have said.

    The naira had hit an all-time low of 334.50 per dollar on Wednesday, a day after the Central Bank of […]