BY TUNDE OPALANA The naira weakened significantly against the US dollar across foreign exchange (FX) markets, reversing its recent gains as offshore demand outpaced available inflows. Both the official and parallel markets felt the impact of dollar scarcity, with demand surging beyond supply. Data from the FMDQ platform showed that the naira depreciated by 0.33 […]
The post Naira tumbles as offshore demand outpaces FX inflows appeared first on DAILY TIMES Nigeria. Nigeria News from Nigeria Newspapers
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