Thursday June 26, 2025

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

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

by Terence Zimwara May 13, 2024 1 min read

(Originally posted on : Bitcoin News )

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 […]

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