Tag Archives: Naira

The International Monetary Fund (IMF) has warned that the country’s exchange rate may depreciate further by about 35 percent this year and contribute to a sharp rise in inflation, peaking at 44 per cent before the monetary policy could eventually arrest the situation through tightening.The fund disclosed this in its …

The World Bank has said the Nigerian naira is among the worst-performing currencies in the African continent.According to the global bank, the naira weakened by nearly 40 per cent against the United States dollar since it was devalued in June. It made this known in its report titled, ‘Africa’s Pulse: …