The Nigerian economy faces a dual challenge: the drastic depreciation of the Naira and soaring inflation rates. But first, what is driving the fall of the naira? The Nigerian Naira (NGN) has experienced significant depreciation against major currencies. As the exchange rate fluctuates, the purchasing power of the Naira diminishes. The Nigerian economy, like many others, grapples with the ebb and flow of foreign exchange (FX) rates, particularly the fluctuating…