Naira Depreciates As Foreign Exchange Inflows Reach $871 Million

The Nigerian naira weakened against the US dollar on Tuesday in the foreign exchange (FX) market due to a slight shortage of dollars available for trade. According to data from FMDQ, which tracks official exchange rates, the naira fell by 0.22%, closing at ₦1,498.95 per dollar. This is the second time the currency has lost … Continue reading Naira Depreciates As Foreign Exchange Inflows Reach $871 Million