Why is the Nigerian Naira devalued? Naira is falling to all time lows with exchange rates crossing N850 to one US dollare $1. According to the Bank of America, the Naira is likely to be further devalued by an additional 20% in 2023. This week we examine some causes of the devaluation of the Naira... could this be caused by politcal motivations. or excess unregulated Naira in the system.
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