The naira retreated further against the U.S. dollar on Wednesday as reduced FX liquidity triggered fresh pressure in both the regulated and informal currency markets. The domestic currency depreciated due to tightening dollar supply, with analysts noting that demand for the greenback continues to outpace available inflows. The decline persisted despite expectations that diaspora remittances … Continue reading Naira Weakens As U.S. Dollar Supply Shrinks Across Official And Parallel FX Markets