Nigeria: Therapy for Nigeria's Troubled Currency

27 July 2016

Nigeria's perennial exchange rate crisis can only be resolved when the country seriously adopts export promotion strategies and genuinely implement economic diversification policies.

The depreciation of the naira against the US dollar in the past few days has sent shock waves across the financial market. While the development has been attributed to the scarcity of the greenback, it also presages further troubles for the growth of the Nigeria economy.

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