- Nigerian currency continues its depreciation against the US dollar against the US Dollar in both the official and black market
- This happened due to a slight increase in the demand for dollars by individuals who want to travel either for business or tourism
- The CBN is expected to have its meeting next week and hopefully give a direction to forex market
Naira is starting the new week on a negative note after losing more value against the dollar at both the official and black market foreign exchange markets.
Data from FMDQ securities shows that the naira at the investors and exporters window, which is the official market, closed trade at N773.54 to a dollar exchange rate.
