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LIST of People Benefitting From the Fall of the Nigerian Naira

It’s no news that Nigeria’s local currency is worth less at the moment. Naira has been depreciating for months, hitting new lows oftentimes.

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However there are losers and winners in every situation. Here’s a list of people who are benefiting from a weak naira:

  • Nigerians in diaspora
  • Commercial banks
  • Bureaux de Change Operators
  • Exporters
  • Friends of the CBN
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Written by PH

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