Nigeria’s foreign-exchange market experienced a wider spread on Tuesday as the naira moved in opposite directions across official and informal trading segments, causing market participants to readjust expectations amid fluctuating liquidity conditions. Data from the day’s session showed that the gap between the official Nigerian Foreign Exchange Market (NFEM) rate and parallel-market rate increased to … Continue reading Exchange-Rate Spread Widens As Divergence Persists Across Nigeria’s FX Markets