The naira slid 54 basis points to N1,667 per US dollar midweek as the foreign currency (FX) market turmoil worsened. Despite high foreign exchange inflows into external reserves, the local currency’s value declined. Despite increased external reserves, the Central Bank of Nigeria (CBN) has kept the market wondering about its next FX market intervention, which … Continue reading Naira Levels At N1,667 As CBN Keeps FX Market Actors Guessing