Tag: scarcity

With Dollar cut access to individuals, businesses, Forex scarcity Chokes Nigeria’s Economy ,Recession Looming

Nigeria’s foreign-currency shortage is squeezing the life out of Africa’s biggest economy. Banks won’t honour card payments, foreign investors can’t get their money out and manufacturers are unable to import…

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As exchange rate falls to N472/$1 at black market , Dollar Scarcity Worsens

The exchange rate at the parallel market fell to another new 3-year low closing at N472/$1 on Monday, July 20, 2020. However, on the officially recognized NAFEX market, the forex…

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