Key points:
Official CBN Rate: ₦1,454.18 / USD
Black-Market Rate: ₦1,465 / USD
Drivers: Tight forex liquidity, high demand for dollars, minimal CBN interventions, rising FX inflows from foreign investors
Top Tools: FMDQ, GTBank FX, AbokiFX
The Naira slipped against the US Dollar on Wednesday, losing ₦6.75 in the official market and ₦5–₦6 at parallel and bank counters. Pressure from strong dollar demand and limited CBN interventions weighed on the local currency. Meanwhile, Nigeria’s...