Nigeria Downgrades Naira to N410.25/dollar, inflation rate hits 4 year-high

Nigerians are having to contend with the highest inflation rate in four years, the second-highest unemployment rate on a list of 82 countries   Nigeria’s central bank devalued the naira by 7.6% against the dollar as authorities in Africa’s biggest oil producer migrate toward a single exchange-rate system for the local currency.   READ ALSO: Naira Sheds N2, Downgrades To N480 per $1 JUST IN: Nigerian Journalist Who Slapped Interviewee In ViralVideo Arrested ‘Surety for Ogun Governor’s aide arrested in US also a suspected fraudster’   The Abuja-based Central Bank…

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