The naira, the native currency of Nigeria, defied the expectations of the bulls on Thursday when the exchange rate broke out following sporadic FX sales throughout currency markets. The naira depreciated by 1.08% from the previous day to close at ₦1,603.80 per dollar on the official market. On Thursday, the market saw increased qualifying demand … Continue reading Naira Depreciates By 1.08%, Ends At N1600/$ In Official FX Market