Despite recent moves by the Central Bank of Nigeria, CBN, to strengthen the foreign exchange market, the naira closed trading on the Investor & Exporter forex window on Thursday at N996.75/$. This is a 13.95 per cent decline from the N874.71/$ it closed trading on Wednesday. So far, the naira has lost 27.75 per cent of its value since opening the week at N780.23/$ according to details on FMDQ OTC Securities Exchange. Since firming up against the dollar last week, after news that the apex bank was clearing some of…
Read MoreNAIRA TAKES FRESH BEATING, EXCHANGES FOR N1140/$ AT PARALLEL MARKET
