Naira Struggles In Black Market, Despite Successful $2.2B Eurobond Sale

The Nigerian Naira remained largely stable in the unofficial market on Wednesday, trading around N1,750/$ despite improvements in the country’s foreign exchange market. Despite the Central Bank of Nigeria’s recent decision to raise interest rates, the Naira continues to face significant pressure in the market. In the unofficial market, traders maintained control over the N1,725 … Continue reading Naira Struggles In Black Market, Despite Successful $2.2B Eurobond Sale