Naira Depreciates By 8.97% Despite Afreximbank’s $2.25 Billion Injection - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Naira Depreciates By 8.97% Despite Afreximbank’s $2.25 Billion Injection (113 Views)
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| Naira Depreciates By 8.97% Despite Afreximbank’s $2.25 Billion Injection by Mateco556: 12:49pm On Jan 03 |
In a tumultuous start to the New Year, the Nigerian naira experienced a sharp decline, tumbling by 8.97% against the dollar on January 2, 2024. This unsettling depreciation unfolded despite a substantial $2.25 billion injection from the African Export-Import Bank (Afreximbank) aimed at mitigating the country’s persistent forex challenges. The currency concluded the trading day at N988.46/$1, marking a significant loss compared to......... https://ratecaptain.com/naira-depreciates-by-8-97-despite-afreximbanks-2-25-billion-injection/ |
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