Forex Utilization in Nigeria fell by a whopping 80% in April as the economic shuttered in reaction to the covid-19...
This is the longest losing streak recorded by the safe-haven currency in ten years.
The CBN has devalued the official exchange rate for the second time this year.
American Dollar Index gained 0.27% to trade at 93.025.
Forex turnover at the Investor and Exporters window recorded a massive increase on Thursday
The Naira fell to as high as N390 during intraday trading before strengthening to the closed rate of N389.
The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday.
Exchange rate strengthens after Sallah holiday fall