Naira continues to depreciate against dollar despite surge in FX reserves

The naira continued its depreciation against the dollar despite a surge in foreign exchange reserves. FMDQ data showed that the naira depreciated slightly to close at N 1485.53 against the dollar on Friday from N 1485.36 traded on Thursday. This represents a marginal N0.17 loss against the dollar compared to the 1485.36 traded the previous [...]Naira continues to depreciate against dollar despite surge in FX reserves

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