BusinessElitesAfrica
After two weeks of steady appreciation, the naira gave back recent gains on Wednesday as demand for dollars outpaced supply in the official foreign-exchange window. The Central Bank of Nigeria (CBN) data and market reports show the official spot rate closed at about ₦1,494/$1, up from ₦1,484/$1 the previous trading day…
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Naira Slips After Two Weeks of Gains Despite Rising Reserves
Oluwadamilola Olanrewaju
09:22
After two weeks of steady appreciation, the naira gave back recent gains on Wednesday as demand for dollars outpaced supply in the official foreign-exchange window. The Central Bank of Nigeria (CBN) data and market reports show the official spot rate closed at about ₦1,494/$1, up from ₦1,484/$1 the previous trading day…
