Naira Crashes Against US Dollar at Black Market as Foreign Reserves Drop to Lowest Level in 20 Months
Written by Black Hot Fire Network on May 12, 2023
- The value of the Naira recorded a mixed performance against the US dollar in the forex market
- At the official market, the naira appreciated, while at the unofficial fx market, Nigerian currency depreciated.
- This happened as CBN data shows that Nigeria's foreign reserves as dropped to 20-month low
The value of the Nigerian naira depreciated against the US dollar at the unofficial foreign exchange market on Thursday, May 11, 2023.
This comes after a sharp . . .
