FX Liquidity Squeeze Shrinks Naira to N1,670/$1 at Official Market

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By Adedapo Adesanya The Naira suffered a loss against the United States Dollar in the foreign exchange (forex) market on Monday amid a shortage in FX supply as seasonal demand grows. Yesterday, the value of the local currency depreciated against the greenback by 4.4 per cent or N70.65 in the Nigerian Autonomous Foreign Exchange Market […]

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