Nigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings #nft #crypto #bitcoin

After touching a new all-time low of N710 per dollar in late July, a new report says the Nigerian currency has rebounded by as much as 10%. After initially blaming speculators, the Central Bank of Nigeria has said importers who fail to remit forex earnings may be contributing to the naira’s depreciation. Naira Depreciation Less … Read moreNigerian Currency Recovers Versus US Dollar — Central Bank Says Importers Must Repatriate Forex Earnings #nft #crypto #bitcoin