Naira Depreciates To N1,586.04/$1 On Official Market

The naira weakened further on the official market on Wednesday, closing at N1,586.04/$1 compared to N1,582.09/$1 on Tuesday, data from FMDQ shows. Analysts note that the naira’s weakness in the last two days comes after the local currency had rebounded late last week, occasioned by the Central Bank of Nigeria’s (CBN) increased interventions in the...The post Naira Depreciates To N1,586.04/$1 On Official Market first appeared on New Telegraph.The post Naira Depreciates To N1,586.04/$1 On Official Market appeared first on New Telegraph.

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