Naira weakens to N1,355/$ as external reserves dip to $48.48bn

Key points Main story The Nigerian currency came under renewed pressure on Thursday, weakening to N1,355/$ in the foreign exchange market, as external reserves declined and global uncertainties weighed on emerging economies. Data from the Central Bank of Nigeria (CBN) showed the naira depreciated from N1,348.1/$ recorded on Wednesday, extending a gradual downward trend observed … Continue reading Naira weakens to N1,355/$ as external reserves dip to $48.48bn