The Bloomberg LP has ranked Nigeria’s Naira as one of the world’s four worst performing currencies in 2016.
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 are
the Egyptian pound
Suriname dollar and...
Nigerian naira fell to 492 to a dollar at the black market on Thursday as the Central Bank of Nigeria, CBN, issued more directives restricting usage of domiciliary accounts by bank customers, apparently to stem the pressures and improve official supply of foreign exchange to the interbank...
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