Weak naira, FX scarcity cripple Nigeria’s imports

Nigeria’s capital importation decline to $5.32bn from $16.812bn in 2018

The decline in Nigeria’s imports is not really because the country is now producing more of what it consumes but as a result of persistent foreign exchange shortage and mounting pressure on the naira, experts have said. Nigeria, in the first two quarters of 2022, recorded a positive balance of

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