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Henry Boyo The crash in the naira exchange rate from N199=$1 by December 2015 to almost N500=$1 in January 2017 was popularly attributed to the erosion of Nigeria’s foreign reserves from a lofty perch of about $60bn to a less exotic retreat nearer $35bn. AlWhy higher oil prices cripple the economy
Henry Boyo The crash in the naira exchange rate from N199=$1 by December 2015 to almost N500=$1 in January 2017 was popularly attributed to the erosion of Nigeria’s foreign reserves from a lofty perch of about $60bn to a less exotic retreat nearer $35bn. Although the naira rate has since stabilised between N305-360=$1, conversely, however, […] Read more