Naira emerges ‘world’s best-performing currency’ – Goldman Sachs

xr:d:DAF9aGPYea8:148,j:8210482120413823525,t:24022712

…Forecasts further gains Nigeria’s currency, the Naira, has emerged as the world’s best-performing currency this month, according to a Goldman Sachs Group Inc. economist, with a potential for further gains if current policies are maintained. The Naira has appreciated 12% against the dollar in April, building on a 1% increase in March. This recovery follows a period of significant depreciation, where the currency lost 71% of its value due to two devaluations since June, after the Government relaxed currency controls. The recent rally has brought the Naira to 1,230 per…

Read More