After raising hopes, Naira depreciates against the dollar by 5.8% in April

The Nigerian Naira closed the month of April in a steep decline, closing at N1,390.96/$1 in the NAFEM, where the exchange rate trades officially. This rate represents a 5.8% depreciation from the month’s opening rate of N1,309.39 and a significant drop from its mid-month high of N1,072.74. The naira rallied against the dollar in the […] More

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