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Why does naira devalue ?

User Rag Sagar
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Demand pressures includes an increase in education FX outflows as that has increased from $500 million in 2015 to $6 billion in 2021, showing a massive growth in demand for dollars over a 6 year period,” he explained, establishing also that the lack of liquidity in the market was causing the naira's downfall.

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User JCWong
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