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Price of Oil
Nigeria is a big oil exporter, and oil sales make up a sizeable amount of the nation's income. Oil prices are extremely volatile, and shifts in oil prices can have a big impact …
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What Factors Drive The Naira-Dollar Exchange Rate?
(615 reads) See also ► Exchange rate: What rate did you get Dollar, Pounds, Euro to Naira today? ► Official Exchange Rate: Amidst Surging Inflation, Naira Closes Week at N1,537.96/USD
A key determinant of the state of the Nigerian economy is the exchange rate between the Nigerian Naira and the US dollar. It is a gauge of the relative worth of the two currencies and has an impact on investment flows, import and export prices, and the nation's overall economic stability.
Numerous internal and external factors influence the naira-dollar exchange rate. We'll look at some of the key factors influencing the naira to dollar exchange rate in this article.
Price of Oil
Nigeria is a big oil exporter, and oil sales make up a sizeable amount of the nation's income. Oil prices are extremely volatile, and shifts in oil prices can have a big impact …
Please login to view the rest of this post.
Numerous internal and external factors influence the naira-dollar exchange rate. We'll look at some of the key factors influencing the naira to dollar exchange rate in this article.
Price of Oil
Nigeria is a big oil exporter, and oil sales make up a sizeable amount of the nation's income. Oil prices are extremely volatile, and shifts in oil prices can have a big impact …
Please login to view the rest of this post.
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