Osinbajo's prescription and painful history of naira devaluation
In 1981, one could get less than N6.1 million in exchange for $10 million. Then, a dollar was equivalent to 61 kobo. But four decades later, the naira has lost 99.8 per cent of its value against the greenback, going by how N4.1 billion now exchanges ...
from Google Alert - Business https://ift.tt/3lQbUxN
In 1981, one could get less than N6.1 million in exchange for $10 million. Then, a dollar was equivalent to 61 kobo. But four decades later, the naira has lost 99.8 per cent of its value against the greenback, going by how N4.1 billion now exchanges ... https://ift.tt/eA8V8J
from Google Alert - Business https://ift.tt/3lQbUxN
In 1981, one could get less than N6.1 million in exchange for $10 million. Then, a dollar was equivalent to 61 kobo. But four decades later, the naira has lost 99.8 per cent of its value against the greenback, going by how N4.1 billion now exchanges ... https://ift.tt/eA8V8J
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