The Naira rates just keep falling daily! Is this the worst downturn on the valuation of the Naira the country has experienced fueled by an endless pit of corruption in Nigeria, the Giant of Africa?
The country is experiencing a disastrous recession currently, although there are efforts of revival from the Government which have not been visible yet. A failure to save for the rainy day as well as poor monetary and fiscal policies were partly responsible for the country’s current recession, according to the Central Bank of Nigeria (CBN).
These are the rates as of today, a day to Nigeria's 56th independence day. (Excerpt from abokiFX)
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