Posted 10/17/2023, 2:24:00 PM
Nigeria's naira hits all-time low against US dollar as central bank eases restrictions
- Nigeria's naira hits record low of 980 per dollar on official market according to Refinitiv data
- Currency has weakened amid persistent dollar shortages and excess demand funnelled to parallel market
- Central bank lifted restrictions on trading currency on official market in June
- Central bank says it will intervene occasionally to boost FX liquidity
- Move comes after ending ban on some items accessing dollars on official market