Naira Falls Amid High FX Demand as CBN Plans Automated Trading Platform

The value of the naira continues its downward slide against the U.S. dollar, with pressure mounting in Nigeria’s autonomous foreign exchange (FX) market. Data shows that demand for the dollar and other foreign currencies is outpacing available supply, causing a strain on the naira’s value. In October, the Central Bank of Nigeria (CBN) reduced its … Continue reading Naira Falls Amid High FX Demand as CBN Plans Automated Trading Platform