The naira reversed recent gains at the Nigerian Foreign Exchange Market (NFEM) on Thursday, slipping as demand for U.S. dollar transactions increased at the official exchange window. After appreciating for three consecutive sessions, the local currency depreciated by 0.57 per cent, losing ₦7.77 against the dollar. The move reflected rising demand for foreign currency payments, … Continue reading Naira Weakens At Official Market As Dollar Demand Picks Up