Nigeria’s foreign exchange stability came under renewed strain in March as global risk aversion and weakening capital inflows combined to pressure the naira, underscoring the economy’s vulnerability to external shocks, according to analysts at Quest Merchant Bank. The naira depreciated by about 1.3 percent month-on-month to close at N1,387 per dollar, reversing the relatively stronger […]
read more Global shocks, weak inflows test Nigeria’s FX stability