Naira depreciates massively as FX supply drops

The naira massively depreciated against the dollar at the foreign exchange market to kick off the week on a negative note amid a significant drop in FX supply on Monday. FMDQ Data showed that the naira dropped to N1670.65 per dollar on Monday from N1600 exchanged last Friday. This represents a N70.65 depreciation. Similarly, at [...]Naira depreciates massively as FX supply drops

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