Naira Depreciates To 365 Per Dollar No Matter CBN Interventions

On Friday the Nigeria Currency (Naira) depreciated marginally by using 0.55 per cent at the parallel market week-on-week to close at N365. And closing Friday, the local forex had closed at 363/dollar. Currency retailers and analysts said the development came on the lower back of increased demand used to be occasioned by using activities heralding the Christmas and New Year celebrations. This came in spite of the everyday interventions by the Central Bank of Nigeria. The interbank window Read more [...]