The naira depreciated against the US dollar on Wednesday at the official market amid heightened demand for foreign currency. Data from the Nigerian Foreign Exchange Market (NFEM) showed the naira closing at N1,494 per dollar, weaker than N1,484 recorded a day earlier. During intraday trading, the naira touched a high of N1,498 before settling slightly … Continue reading Naira Weakens As Dollar Demand Rises, Reserves Climb To $41.9bn