Naira Slides to N1,415/$ in Parallel Market as FX Liquidity Pressures Mount
The Nigerian naira has depreciated to approximately ₦1,415 per dollar at the parallel market, reflecting renewed pressure on the country’s foreign exchange environment amid persistent dollar scarcity and fluctuating liquidity conditions. Market data from key trading hubs, including Lagos and Abuja, show that the local currency weakened against the U.S. dollar during recent trading sessions,…
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