The naira slipped against the U.S. dollar at both the official and parallel markets on Tuesday, as increased foreign exchange (FX) demand—coupled with limited dollar supply—put pressure on the local currency. At the Central Bank of Nigeria’s (CBN) official exchange window, the naira depreciated slightly to ₦1,533.10/$1, down from ₦1,531.95/$1 at the previous close. The … Continue reading Naira Declines In Official And Parallel Markets Amid Rising FX Demand