Despite Selling Dollar to Currency Dealers, Bank, Naira Makes Biggest Loss in Months [Video]

• Nigeria’s naira fell to its lowest level since March as it carried over its losing streak into its fourth day
• According to FMDQ, at Friday’s official close, the value of the naira to the US dollar was 1,563.8
• Experts hailed the central bank for addressing naira liquidity access and tightening monetary policy

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Despite central bank intervention, Nigeria’s naira continued its losing streak into its fourth day and dropped to its lowest level since March due to seasonal demand for dollars and persistent investor uncertainty.

At the official close on Friday, the naira was worth 1,563.8 per US dollar, as reported by FMDQ.That is the lowest since March 18, down from 1,554.65 the day before, while the Central Bank of …