Global shocks, weak inflows test Nigeria’s FX stability

Nigeria’s overseas speech stableness came nether renewed strain successful March arsenic planetary hazard aversion and weakening superior inflows combined to unit the naira, underscoring the economy’s vulnerability to outer shocks, according to analysts astatine Quest Merchant Bank. The naira depreciated by astir 1.3 percent month-on-month to adjacent astatine N1,387 per dollar, reversing the comparatively stronger […]

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