There is no relief in sight for Nigerian currency, and analysts anticipate that things will only grow worse. Since the beginning of 2022, the CBN has withdrawn over $600 million to fulfil forex demand and protect Nigerian currency. The Naira ended at N575/$ on the black market on Tuesday.

There is no relief in sight for Nigerian currency, and analysts anticipate that things will only grow worse. Since the beginning of 2022, the CBN has withdrawn over $600 million to fulfil forex demand and protect Nigerian currency. The Naira ended at N575/$ on the black market on Tuesday.

on February 23, 2022