Naira Depreciates Further

Sometimes in the past, the Nigeria currency, Naira used to be highly valuable. At least, One Naira used to be equal to One Dollar.

For some years now, Naira just continues to nose-dive due to the poor state of the economy caused by its ruling class. As at Friday, One Dollar equals N221 while One euro sells for N245.

Experts say the depreciation may continue for a longtime if nothing serious is not done to save the economy.