By Adedapo Adesanya The Naira closed the midweek session with yet another weak performance against the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data obtained by Business Post showed that the local currency tumbled against the greenback on Wednesday by 0.3 per cent or N4.71 to trade at N1,421.06/$1 compared with Tuesday’s closing price of N1,416.77/$1 amid a drop in confidence in the foreign exchange (FX) market despite efforts by the Central Bank of Nigeria (CBN) to guard it. Also, the Naira depreciated against the British Pound Sterling at the spot market yesterday by N33.89 to wrap the
Pressure Mounts on Naira, Crashes to N1,421/$1 at Official Market
