Rise in Forex Demand Crashes Naira to N1,537/$1 at Official Market

By Adedapo Adesanya The Naira came under foreign exchange (FX) pressure on Tuesday, August 26, as its value further weakened against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) at the close of transactions. According to data obtained from the Central Bank of Nigeria (CBN), the Nigerian currency lost N1.11 or 0.07 […]



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