Channels Television
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Why Nigerian Naira Continues A Freefall In FX Market
Posted
November 1, 2023
Views
20,465
Comments
67
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November 1, 2023
20,465
67
0.33%
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9:07Now PlayingIn the past few weeks, the Nigerian naira has been on a freefall. Last Tuesday, it fell to a record low of One Thousand, Three Hundred and Ten to a dollar in the parallel market.
Nigerians are worried, asking authorities to stabilise the country's currency and cushion the negative impact on the economy.
But how did we get here? Can the Naira get the respite it desperately needs at this critical time? What should be done at both societal and individual levels to manage the situation?
Gist Nigeria finds answers to these questions and more.
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