The Nigerian naira fell by around 7% in the foreign currency (FX) market as a US dollar shortage put pressure on demand and supply. According to FX spot data from the FMDQ website, the Naira fell by 6.83% and closed at ₦1,658.97 per US dollar on the official market. Weak FX liquidity in the currency … Continue reading Naira Plunges By 7% As Nigeria’s FX Crisis Worsens