Africa Emerging Markets International

Nigeria: deepening currency crisis, soaring inflation are threats to country’s economy

Currency crisis in Nigeria deepens as its currency, the Naira, has dropped to ₦1,040 per dollar, which comes as a national industrial association has warned that soaring inflation is a threat to the country’s economy. In the parallel market, Nigeria’s currency has dropped to N1,040 per US dollar as supply surpassed demand, which was due […]