The Nigerian naira slipped against the U.S. dollar on Wednesday amid a modest uptick in demand for foreign payments, as the Central Bank of Nigeria (CBN) continued its intervention to stabilize the exchange market. The gap between the official and parallel market rates narrowed to near zero, eliminating room for speculative trades. Data from the … Continue reading Naira Weakens As CBN Peg Narrows FX Market Spread To Curb Speculation