- Nigerian currency value dropped further against the US dollar across all foreign exchange markets
- This comes a few days after the CBN decision to clear forex backlogs helped create a positive sentiment for the naira
- The federal government is aiming to achieve an exchange rate of between N500 to N600 for one US dollar soon
Dave Ibemere has over a decade of experience covering tech, energy, stocks, investments, and the economy
The naira depreciated further against the US Dollar in both the official and unofficial foreign exchange markets on Wednesday, November 7, 2023.
