The Nigerian naira weakened on Monday as heightened demand for the U.S. dollar outweighed available supply, despite the Central Bank of Nigeria’s (CBN) market intervention late last week. Official FX data showed the naira closed at ₦1,533.67/$ at the start of the week, slipping slightly from ₦1,532.51/$ recorded at Friday’s close. The currency touched an … Continue reading Naira Weakens Against U.S. Dollar As FX Inflows Hit $788m