Naira weakens across FX markets as official, parallel rates converge

By Boluwatife Oshadiya Key Points Main Story The Nigerian naira depreciated across major foreign exchange markets as mounting demand for dollars for offshore transactions and corporate settlements continued to pressure liquidity conditions. Data released by the Central Bank of Nigeria (CBN) showed that the intraday exchange rate weakened to as low as N1,375 per dollar, … Continue reading Naira weakens across FX markets as official, parallel rates converge