USD to NGN: Here’s why the Nigerian naira rally is losing steam

The Nigerian naira has resumed its downward trend as the recent surge faded. According to TradingView and Google, the USD to NGN exchange rate stood at 1,380, much higher than last month’s low of 1,135. The black market rate has jumped to 1,430. The Nigerian naira has had a rollercoaster this year, moving from the […]