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Naira Falls to N1,508/$1 at Official FX Market

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By Adedapo Adesanya The Naira fell against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Monday, July 1, 2024, by 0.25 per cent or N3.69 to exchange at N1,508.99/$1, in contrast to the previous session’s N1,505.30/$1. It was the first trading day in the second half of the year and the volatility that marred the first six months of 2024 persisted yesterday, and there are speculations that it will remain till the end of the year despite the policies of the Central Bank of Nigeria (CBN) to change the tide. Data showed that the value of forex

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