According to the ranking, the Naira lost 36.68 per cent of its spot returns for the year in review.
Other currencies in the bottom four areSome of the factors that affected the Naira according to Bloomberg included bombing of pipelines by militants and the economic recession.
- the Egyptian pound
- Suriname dollar and
- Venezuela bolivar.
Nigerian currency on Thursday closed 490 to a dollar at the parallel market and maintained 305.25 at the official market segment pegged by the Central Bank of Nigeria.
Courtesy of APC clueless and useless government change.
ReplyDeleteAPC is a bad omen for Nigeria. It is a disaster!
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Stupid imposter, u are a bad omen to this nation not access. Olodo
ReplyDeleteIt does not matter as the exchange rate drop is not at par with cost of stuff
ReplyDelete