The Nigerian naira continues to face significant depreciation as the Central Bank of Nigeria (CBN) appears to prioritise the nation’s external reserves over maintaining the local currency’s value. In a notable policy shift, the CBN, which previously argued that the naira was undervalued, has reportedly begun selling U.S. dollars to banks at around ₦1,640 per … Continue reading Naira Faces Decline as Central Bank Shifts Focus to External Reserves Over Currency Stability