Naira is Now Worst Performing Currency in Africa – Economist

Sometimes the worst is not bad enough. Or such is the case for Nigeria’s currency, which nosedived by 30% when the central bank first removed its peg to the dollar on June 20th. The naira is now this year’s poorest-performing currency in Africa. 

Internationally, Nigeria's Naira is only better than the currencies of Venezuela and tiny Suriname. 

Yet were the Naira truly free, it would be weaker still.