Central Bank of Nigeria’s inability to defend the naira raises concerns

The Economic Intelligence Unit (EIU) recently released an analysis of Nigeria’s economic situation, particularly focusing on the challenges faced by the Central Bank of Nigeria (CBN) in stabilizing the local currency, the naira. According to the EIU, the CBN is unable to effectively control the depreciation of the naira, which has been experiencing rapid decline. […] source: https://www.cryptopolitan.com/central-bank-nigerias-defend-naira-concerns/