How does the Naira-Dollar Disparity Affect Nigerian Businesses? PT. 2
This article is a continuation of “Global Markets – What Does The Rising Naira to Dollar Disparity Mean For Nigerian Businesses? PT 1. “ Read it HERE. Let’s find out how the naira to dollar exchange rate affects businesses in Nigeria. Customers are losing buying power: According to the National Bureau of Statistics, Nigeria, the annual […]
Global Markets – What Does The Rising Naira-Dollar Disparity Mean For Nigerian Businesses? PT 1.
From the beginning of the year, the Nigerian Naira has witnessed a rising disparity with the US Dollar; reaching an all-time highest exchange rate of N1 – $710 in the previous month. Current data shows that the black market sells a dollar for N745. Even with the fluctuating exchange rate, the Central Bank of Nigeria […]