Naira Holds Steady As Weekly Forex Inflows Drop By 15.7%

The naira traded flat across the official and parallel foreign exchange (FX) markets on Monday as weekly inflows declined by 15.7 per cent, signalling weaker FX supply and mild pressure on the local currency. Data from the Central Bank of Nigeria (CBN) showed that the naira depreciated marginally by 72 kobo, closing at ₦1,437.29/$1 at … Continue reading Naira Holds Steady As Weekly Forex Inflows Drop By 15.7%