Floating Naira projected to lose up ‘70 percent’ of its value

By Emeka Chiakwelu The floated Nigeria’s naira that has been pegged at 197-199 to a dollar lost over 40 percent of its value on the first day of trading. Unofficial reordered statistics on first day of naira outing revealed that naira was traded as low as 265 to a dollar and at one point nosedived […]

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