Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains

Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains

The Nigerian currency, which has been depreciating against the U.S. dollar in the past few weeks, has completely erased its gains from early April, making it the worst-performing currency in the world. The decline of the naira is attributed to Nigeria’s ongoing foreign exchange shortages. One economist expects the pressure on the currency to peak […]