With the Nigerian Naira falling against the US dollar as a result of scarcity, this consistent devaluation makes it frustrating to save in naira as the value of the currency continues to deplete without spending it.
As of December last year, the Nigerian naira experienced a 55 percent devaluation
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Chinwe Michael
Chinwe Michael is a financial inclusion advocate and economy journalist who uses compelling storytelling to drive awareness. With a background in Banking and Finance and experience across accounting, media, and education, she applies sharp analysis and attention to detail to every piece. She simplifies complex financial and economy concepts into engaging content for Africa and global audience. Chinwe also doubles as a speaker with global recognition for her expertise.
