Naira Weakens At Official FX Window As Dollar Demand Pressures Market

The Nigerian naira closed weaker against the U.S. dollar at the official foreign exchange window on Thursday, depreciating by ₦1.38 amid increased demand for foreign currency, particularly for international transactions. According to the Central Bank of Nigeria’s daily foreign exchange data from the Nigerian Foreign Exchange Market (NFEM), the local currency settled at ₦1,422.07 per … Continue reading Naira Weakens At Official FX Window As Dollar Demand Pressures Market