By Adedapo Adesanya There are fresh concerns over the recent decline in the value of the Nigerian Naira against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). The local currency further weakened in the official market on Monday, April 22 by 5.5 per cent or N64.50 against the greenback to settle at N1,234.49/$1 compared with the preceding session’s exchange rate of N1,169.99/$1. This happened as the supply of foreign exchange (FX) to the spot market continued to stay low, though the value of forex transactions slightly went up yesterday by 27.1 per cent or $23.49 million to
Worry as Naira Now N1,234/$1 at Official Market, N1250/$1 at Black Market
