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It is obvious that the global economy is in flux. The world appears to be lurching from one crisis to another. Nothing seems certain.
Nothing is as predictable as it was five years ago. In Africa, nowhere is this reflected more accurately than in the state of foreign exchange (forex) reserves of many countries.
According to a Reuters report, "Nigeria faces severe shortages of foreign currency leading to restrictions on imports and meaning investors cannot convert local currency to repatriate their profits."
Facts First
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