The Nigerian economy faces persistent structural challenges that hinder the naira from capitalizing on the recent decline of the US dollar, despite the dollar index hitting its lowest point in two months.

Pressure on the naira persists as black market currency speculators exert influence following the Central Bank of Nigeria’s (CBN) second postponement of its Monetary Policy Committee (MPC) meeting since Governor Olayemi Cardoso’s appointment in September. The delay raises concerns about........

https://ratecaptain.com/can-naira-ever-compete-with-the-dollar-structural-issues-impede-nairas-gain-despite-dollar-decline/

Can third world countries ever compete with the first world countries?