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Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.

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The official currency of Nigeria, naira has depreciated by about 43% as of August 2024, making it one of the worst-performing currencies in Sub-Saharan Africa. According to the World Bank’s Africa ...

The Nigerian naira has been ranked among the worst-performing currencies in Sub-Saharan Africa in 2024, according to the ...

It noted, “By August 2024, the Ethiopian birr, Nigerian naira, and South Sudanese pound were among the worst performers in the region. The Nigerian naira continued losing value, with a year-to-date ...