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Nigerian real estate company Landmark Africa is developing two West African beach properties. including a complex in The Gambia, after losing its Lagos beach resort to a controversial government road project.
Nigeria intensified its crackdown on cryptocurrency by detaining two executives of Binance, the crypto trading platform that authorities allege contributed to the naira’s slide to record lows this month.
The currency has fallen about 20% against the dollar this year and analysts say its troubles are far from over. BMI expects the currency will weaken to 350 rupees per dollar by the end of next year, while Karachi-based brokerage Topline Securities Ltd. sees it depreciating to 324 rupees per dollar. It closed at 285.64 rupees per dollar on Monday.
BMI sees rupee falling to 350 against the dollar by end of 2024
Pakistani rupee has lost 20% of its value against the dollar and analysts say that this will continue in 2024