
Naira depreciates by 50.5k as reserves drops to $38.7bn
By Babajide Komolafe On the foreign exchange scene, the naira continued its downward trend in the foreign exchange market as it depreciated by an average of 50.5 kobo in the parallel market and in the Investors and Exporters (I&E) window last week. While the naira depreciated for the sixth consecutive weeks by 51 kobo last […]