Naira Nosedives Against the USD and GBP Despite Crackdown on Market Speculators

Naira Nosedives Further Against the USD and GBP Despite Crackdown on Market Speculators

Nigeria’s economic woes persist as the naira faces a decline in the parallel market. This is in spite of the federal government’s crackdown on foreign exchange market speculators. On Tuesday, the naira slid further with one dollar exchanging for 1,900 in Abuja and Kano, and N1,800 in Lagos; while the British Pound was exchanged for […]

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