Naira falls to ₦1,361 as pre-election dollar demand builds

Key PointsThe naira weakened to ₦1,361.8394 per US dollar at the NFEM from ₦1,332.2582 at the beginning of the weekNigeria’s external reserves rose 0.09% week on week to $55.14 billionCowry Asset Limited expects sustained FX demand and market uncertainty to keep the naira under pressure