The Nigerian naira weakened against the US dollar in the foreign exchange (FX) market as demand pressures intensified. According to spot FX data from the FMDQ platform, the naira depreciated by 0.13%, closing at N1,536.58 per US dollar in the official market. Market activity indicated trades were conducted within a range of N1,500 to N1,550 … Continue reading Naira Depreciates As Demand For US Dollar Outpaces FX Liquidity