Nigeria’s government lost a staggering N13.2 trillion due to mismanagement of foreign exchange between 2021 and 2023, according to a recent World Bank report. The losses, which stemmed from maintaining dual exchange rates—an official and a parallel market rate amounted to N2 trillion in 2021, N6.2 trillion in 2022, and N5 trillion in 2023. The … Continue reading Nigeria Loses N13.2 Trillion To FX Mismanagement Between 2021 And 2023, Says World Bank