⚡ Break Story💰 Money Matters
🔰Sergeant

Naira Falls Again, But External Reserves Are at $52 Billion. Make It Make Sense

D

3 months ago

The naira dropped another N1.03 at the official window and N6 at the black market, landing at N1,364.88 and N1,430 per dollar respectively, even as our external reserves hit a juicy $52.01 billion. So we have record reserves, yet the currency keeps sliding, who is really benefiting from this dollar shortage, and how long are we supposed to keep swallowing this kind of contradiction?
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