Nigeria’s unit of exchange, Naira, has depreciated further against the U.S. dollar at the official market, also known as the Investors and Exporters (I&E) window. Platforms Africa reports that data posted on the FMDQ Security Exchange where forex is officially traded showed this. The domestic currency, however, remained stable at the black market. READ ALSO: Nigeria Downgrades Naira to N410.25/dollar, inflation rate hits 4 year-high Nigeria’s Apex Bank, CBN, Devalues Naira To 392/Dollar, Sells $1bn to BDCs Nigerian Banks rattled by N10trn Debits, Interest Rates Hike Imminent 11…
Read MoreNaira suffers N421.9 Intraday low, slides to N411.50/USD at Official Market
