Naira weakens as slowing inflows, reserve decline test FX stability
The naira extended its decline in the official foreign exchange (FX) market on Tuesday as weakening capital inflows and a sustained drop in external reserves heightened pressure on Nigeria’s currency amid escalating tensions in the Middle East. Data from the Central Bank of Nigeria (CBN) showed the naira depreciated by N5.87, with the dollar quoted […] read more Naira weakens as slowing inflows, reserve decline test FX stability
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