Naira Slips To ₦1549 As Forex Demand Outpaces Dollar Supply

The Nigerian naira continued its downward slide against the US dollar, falling to ₦1549.03 as demand for the greenback exceeded available foreign exchange (FX) supply. According to the Central Bank of Nigeria (CBN), transactions were completed within a tight band of ₦1547.50 to ₦1550.50 before the official rate settled at ₦1549.03. This dip came despite … Continue reading Naira Slips To ₦1549 As Forex Demand Outpaces Dollar Supply