Manufacturers may sack workers as naira loses 39%
The Nigerian naira has experienced a significant depreciation of 38.9% against the US dollar at the official Investors and Exporters (I&E) window of the Central Bank of Nigeria (CBN) over the past three months, as reported by The PUNCH. Data from the FMDQ Securities Exchange indicates that the naira fell from N745.19/$ on October 3, … Read more