Tag: #NairaFXSlide

The naira closed Friday weaker at N1,464.49 per USD on the official CBN market—a 0.4% slide from Thursday’s N1,457.84—erasing Monday’s N2.59 gain as importer dollar hunts overwhelmed supply, pushing steady depreciation through Tuesday (N1,455.08) and Wednesday (N1,455.49). This volatility echoes Nigeria’s FX tightrope under Tinubu’s reforms, where early-week highs crumble against persistent pressures from oil…