- The Nigerian currency at the official market hit a new low as the CBN continues to find ways to get it right
- It is even worse at the black market as the traders continue to quote a higher exchange rate
- The new CBN management team is expected to have its first monetary policy meeting in the coming days
Nigerian currency has hit another low at the official and black foreign exchange markets.
Data from FMDQ securities showed that at the Nigerian Autonomous Foreign Exchange Market (NAFEM) Naira closed the trading week at N808.27/$ on Friday, October 21, 2023.
