The naira weakened at the Central Bank of Nigeria’s (CBN) official foreign exchange market (NFEM), closing at N1,609.63 per dollar on Thursday, as the apex bank moderated its recent aggressive interventions in the FX market. After months of heavy intervention aimed at stabilizing the naira amid intense market volatility, the CBN has begun to ease … Continue reading Naira Slips As CBN Eases FX Intervention Amid Liquidity Shortfall