A surge in demand for dollars in the parallel market, driven by both banks and end-users, along with slow forex disbursement to BDCs by the Central Bank of Nigeria (CBN), led to a 23% decline in the value of the Naira against the dollar last week. This marked the Naira’s poorest weekly performance since February. … Continue reading Currency Dealers and Analysts Give Reasons for 23% Naira Devaluation within Four Days