Demand Pressure Reduces As Naira Value Increases

The Nigerian naira continues to strengthen in the Investors and Exporters foreign exchange (FX) market on Tuesday with an increase in interest rates by the monetary authority after a difficult second half of 2022. In an effort to combat the rising consumer price index, the Central Bank of Nigeria’s (CBN) monetary policy council increased the … Continue reading Demand Pressure Reduces As Naira Value Increases