Rising demand for foreign payments at the Nigerian Foreign Exchange Market (NFEM) has pushed the naira lower against the US dollar, prompting fresh intervention from the Central Bank of Nigeria (CBN) to ease pressure. The latest update from the CBN showed the naira’s official rate weakening to ₦1,530.26 per dollar, down from ₦1,525 the previous … Continue reading Naira Slides To ₦1,530 As CBN Intervenes To Ease FX Pressure