Naira devaluation adds N9tn to Nigeria’s foreign debt burden
The value of naira to dollar fell from N196.92 in June 2015 to N414.72 in June 2022, worsening Nigeria’s foreign debt burden. Within the seven years under review, the naira depreciated by 52.52 per cent against the US dollar. The Monthly Average Exchange Rates of the Naira (Naira Per Unit of Foreign Currency) for 2015 […]
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