Tag: Naira Among Africa’s Worst Currencies
-
Naira Among Africa’s Worst Currencies, Falls by 40% – World Bank
The Nigerian naira is among the worst-performing currencies in Africa, the World Bank has pronounced. The international financial institution noted that the Nigerian currency weakened by nearly 40 per cent against the US dollar since a mid-June devaluation. The global bank explained in its report, ‘Africa’s Pulse: An analysis of issues shaping Africa’s economic…