The Naira recently had to deal with extreme pressure this past week, causing it to achieve a record devaluation against the US Dollar in both the parallel market and Investors and Exporters (I&E) window. This occured at the backdrop of  the $600 million accretion to the nation’s foreign reserves during the week. In the parallel … Continue reading Naira Continues To Devalue, As Foreign Reserves Acquire $600m In One Week