Wealthy Nigerians, middle class, youths in web of naira shorting

• Country at risk of all-time high money laundering • Request for dollar-denominated accounts spikes • Fund managers feast on desperation for dollar assets • ‘Outlaw domiciliary accounts, go after black money’ Confidence in the economy has dropped to its lowest ebb, emboldening some Nigerians – the wealthy and hustlers– to bet against the naira, investigations have suggested.  

Top News

IN THIS WEEK’S ISSUE