By Adedapo Adesanya Apprehension increased on Wednesday in the Nigerian Autonomous Foreign Exchange Market (NAFEM) as the Naira continued to erase some of its gains after it fell further by 0.6 per cent or N8.7 against the US Dollar to exchange at N1,308.52/$1 versus the preceding day’s value of N1,300.15/$1. Also, the Naira suffered a loss against the Pound Sterling, N47.93, in the official market at midweek to sell at N1,590.25/£1 compared with Tuesday’s price of N1,542.32/£1, and against the Euro, it weakened by N34.88 to trade at N1,367.23/€1 versus the N1,332.35/€1 it closed a day earlier. The loss was recorded
Apprehension as Naira Weakens Further to N1,308/$1 at Official Market
