The naira depreciated at the official foreign exchange window as mounting FX payment obligations strained market liquidity, even as Nigeria’s external reserves continued their gradual climb. Data from the Central Bank of Nigeria showed that the spot exchange rate weakened by 0.21 per cent, with the naira closing at ₦1,421.63 per US dollar at the … Continue reading Naira Weakens On FX Demand Pressures As External Reserves Approach $46bn