Nigeria’s Currency Chronicles: A Resurgence in Dollar Supply Unleashed
In a remarkable turn of events, Nigeria has witnessed a breathtaking surge in its dollar supply, painting a vivid canvas of economic revival. The stage was set with the central bank’s audacious move to abolish restrictions on the purchase of foreign currency for the import of 43 essential items. This extraordinary act was a strategic manoeuvre to halt the precipitous 40% descent of the Naira that had plagued the nation throughout the year.