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

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

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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