Naira Weakens to N1,366/$ as FX Demand Rises, Interbank Activity Surges

By BizWatch Nigeria Key Points Main Story The Nigerian naira weakened against the US dollar on Tuesday at the Nigerian Foreign Exchange Market (NFEM), settling at N1,366.56/$, as demand for foreign currency intensified across the economy. Data from the Central Bank of Nigeria (CBN) showed the local currency depreciated slightly from N1,365.25/$ recorded in the … Continue reading Naira Weakens to N1,366/$ as FX Demand Rises, Interbank Activity Surges