Two weeks after the Federal Government announced intentions to redesign the naira, the naira has rebounded 20.8 percent to 720/dollar on the black market. Last weekend, the naira, which had been gradually sliding against the US dollar all week, hit an all-time low of 910/dollar. However, the currency began to rebound against the US dollar … Continue reading Forex Traders Lose As Naira Rebounds To 720/Dollar