Naira Devalues Big Time, CBN Runs After Against FX Whales

The Central Bank of Nigeria (CBN) went all out against foreign exchange (FX) whales affecting the direction of local currency exchange rates, which dealt a serious blow to the value of the Nigerian naira in the foreign exchange markets. Due to a persistent lack of foreign exchange in the economy, the naira passed a fresh … Continue reading Naira Devalues Big Time, CBN Runs After Against FX Whales