The naira yesterday weakened against the US dollar by 1.4% or N0.20k at the inter-bank market in spite of the supply of the greenback by the Central Bank of Nigeria (CBN) and two oil companies.
Foreign exchange dealers attributed the naira depreciation to scarcity of dollar owing to the new foreign
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
BusinessDay
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more