Naira loses momentum as dollar shortage looms nationwide - Reports

Two other African nations have experienced currency depreciation, with the Zambian kwacha reaching a historic low against the dollar and Ghana's cedi dropping to its weakest level since 2022.Nigeria's naira has taken a sharp downturn and is now the world's worst-performing currency over the past month.This decline puts pressure on the central bank to continue raising interest rates. The naira has weakened to ₦1,466.31 against the dollar, its lowest level since March 20.This drop is attribu