Naira's Depreciation Blamed on Forex Shortages and High Demand

Naira’s Depreciation Blamed on Forex Shortages and High Demand

The Nigerian naira’s recent depreciation is caused by forex shortages and high demand, prompting economic concerns and the need for comprehensive solutions. The Nigerian naira’s recent loss in value has been closely linked to foreign exchange shortages on the official market along with a surge in demand for forex. This alarming development has sent shockwaves across the nation, raising concerns …

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