Key points Main story The naira recorded a marginal depreciation against the euro this week, slipping to N1,576/€1 from N1,569/€1 in the previous week despite Nigeria’s external reserves rising above $51 billion. Latest exchange rate data from the Central Bank of Nigeria showed that the local currency remained under pressure against the major European currency … Continue reading Naira weakens to N1,576/€ as inflation gap offsets Nigeria’s $51bn reserves