The naira weakened against the US dollar amid renewed demand pressures in Nigeria’s foreign exchange (FX) market, highlighting persistent challenges in stabilising the local currency. At the official market, the naira depreciated by 0.30%, closing at ₦1,538.55 per US dollar as demand for foreign currency outpaced supply. This marks a continued divergence between official and … Continue reading Naira Depreciates As FX Market Faces Demand Pressure