The opening indicative rate was N387.32 to a dollar on Wednesday.
The CBN still continues to warn against currency speculators who patronize the black market.
Between 2012 and 2017 the naira has depreciated by 30% compounded annually.
The CBN still continues to warn against currency speculators who patronize the black market.
At the black market, the naira appreciated marginally by N1 to a dollar to close at N461 to a dollar.
The volatility and uncertainty of the forex market seem to persist due to liquidity shortages across markets.
The volatility and uncertainty of the forex market seem to persist due to liquidity shortages across markets.
Forex shortages have persisted since the crash in oil prices coincided with the global lockdown.
The rise in demand and contrasting drop in supply has called for another round of devaluation...
Uncertainty of the market remains, particularly due to liquidity shortages across markets.
