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The Lagos

Why the Naira’s Swings Send Nigerians to the Dollar

Why the Naira’s Swings Send Nigerians to the Dollar
Photo: Nairametrics · view original

Since the unification of exchange rate windows three years ago, the naira has traded within a defined range instead of following a clear trend. For Nigerian savers and traders, the focus has shifted from managing devaluation risk to adapting strategies for a currency that fluctuates within set bo...

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