Nigerian companies caught in web of high forex over expatriates’ pay

by | September 14, 2015 12:08 am

Organisations in Nigeria which engage expatriates are presently caught in the deep drop of naira value against the dollar, as they face the strain of caughing up more naira per dollar to meet their monthly obligations. Nigeria’s currency is exchanging for N220 to a dollar. This means that companies need more naira in value to…

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