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Tag: foreign exchange policy
Dangote loses $3.7bn as naira’s value drops
On Monday, the richest man in Africa, Aliko Dangote suffered a gigantic financial hit. As a result of the new foreign exchange policy initiated by the federal government, Dangote lost $3.7 billion.…
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‘Naira would exchange for N700 to a dollar, if…’
Owing to the persistent depreciation of the value of the Nigerian currency- Naira- the Lagos Chamber of Commerce and Industry and the Association of National Accountants of Nigeria, on Friday,…
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