For companies like MallforAfrica, the difference in the value of the naira against the dollar is enormous as it directly impacts prices of goods and erodes return on investment.
Africa-focused e-commerce platform, MallforAfrica has suspended its operations in Nigeria, which might lead to the company’s total shut down due to the unstable foreign exchange regime in the country.
The naira has seen multiple devaluations since 2016 when the President Muhammadu Buhari-led ad
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
