Nigeria’s naira experienced a record low against the USD in the official market, falling to 1,421 against the USD on Friday, later closing at 891.9 on the official market. This fluctuation followed comments from central bank Governor Cardoso about improving FX market liquidity. The official rate has been hovering towards the parallel market level as the central bank is yet to clear outstanding amounts owed in forward deals. The central bank has injected an additional USD 500 mln into the FX market, following a nearly USD 2 bln recent injection.