Naira Fights To Retain Value After Celebrated FX Gains

The naira lost value on Thursday in the official window as it tried to hold onto its worth in the foreign exchange market versus the US dollar. The Nigerian Autonomous Foreign Exchange Market (NAFEM) saw a 0.8% depreciation of the naira to N1,402.67 per US dollar, according to statistics from FMDQ Securities Exchange. According to … Continue reading Naira Fights To Retain Value After Celebrated FX Gains