BusinessNewsNigeriaNaira will record more slumps against the US dollar in 2024: Bloomberg
Nigeria’s local currency, the naira is one of the world’s worst-performing currencies, after the Lebanese pound and the Argentine peso, Bloomberg said in a report on Friday. The report corroborates an earlier report by the World Bank that noted that the currency weakened by nearly 40 per cent against the US dollar in 2023. Bloomberg said the naira weakened by 55 per cent against the USD this year. With the naira–USD exchange rate at N1,043...










