Business Sanusi’s Removal Increased Forex Demand To $1billion In One Day

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abujagirl

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The naira depreciated against the United States dollar last week as the suspension of Mallam Sanusi Lamido Sanusi as the Central Bank of Nigeria Governor triggered strong demand for the greenback by offshore investors

The development also saw financial markets reeling. But as a result of the development, the naira slumped against the US dollar in most segments of the forex market despite the central bank’s intervention last Thursday.

Click source for more details: NewsWireNGR

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