Naira to depreciate further on back of dollar supply shortage

Naira to depreciate further on back of dollar supply shortage

The naira is expected to depreciate further this week on the back of continued shortage of dollar supply in the foreign exchange (FX) market. Analysts at Cowry Asset Management Limited expect the Central Bank of Nigeria (CBN) to close the FX market at the end of the week, as has been the tradition to close…

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