Naira Depreciates Against Dollar As FX Reserves Decline
The Naira has depreciated against the Dollar in the foreign exchange market for the first time since March 2024 amid the decline of FX reserves. FMDQ data showed that the Naira dropped after months of stability to N1,148.14 per Dollar on Tuesday from N1,136.04 on Monday. This represents N12 or 1 per cent depreciation compared…
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