itemprop=description content=The World Bank has the Nigerian naira is among the worst-performing currencies in the African continent.
According to the global bank, the naira weakened by nearly 40 per cent against the United States dollar since it was devalued in June.
It stated,"So far this year, the Nigerian naira and the Angolan kwanza are among the worst performing currencies in the region: these currencies have posted a year-to-date depreciation of nearly 40 per cent. The World Bank list other currencies with significant losses so far in 2023 in Africa which included South Sudan , Burundi , the Democratic Republic of Congo , Kenya , Zambia , Ghana , and Rwanda .
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