The Naira fell by 4.72% in the official market, closing at N878.57 to the US dollar from N838.95 the previous day. The local currency has been increasing and losing value on foreign markets, with the hope that the proper official rate will reach N1000 in 2024. The problem is that the Central Bank of Nigeria … Continue reading Naira Drops By 4.7%, US Dollar Demand Passes FX Supply