Nigerian currency hits another record low milestone at N462/$1

This recent development is following a consistent trend that has persisted since the midpoint of Q4 2022. What started as a year of economic recovery, quickly became a borderline recession.

Reports on Saturday showed that the Nigerian Naira hit a record low on the official market.

But since the Central Bank of Nigeria’s naira redesign and some of the monetary policies put in place, the Naira has been on a steady recovery pace.

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