Nigeria, April 15 -- It is no more news that the Nigerian Naira has seriously depreciated in the last four years due to continued increase in demand for foreign exchange coupled with a very low level of supply in the market.
This has consequently led to a protracted liquidity squeeze in the foreign exchange market. The Naira has continued to depreciate in recent time despite the strategies being deployed by the monetary authority which is only focusing on attracting foreign direct investment, foreign portfolio investment and remittances into the foreign exchange market? However, this is leaving out the other more sustainable foreign exchange generation options which a country also has control over and these include trade in goods and tra...
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