The Nigerian Naira is among the worst-performing currencies in sub-Sahara Africa at the end of August 2024.
The World Bank disclosed this in its latest edition of Africa’s Pulse report.
Report showed that the Naira is at par with the Ethiopian Birr, and South Sudanese Pound in terms of decline in the region.
The report blamed the continued increase in the demand for dollars and limited dollar inflow for Naira depreciation in the last months.
According to the report, the Naira lost about 43 percent as of August.