Naira Plummets To N1,740 Per Dollar In Parallel Market Amid Record-High FX Turnover

The naira continued to face pressure in Nigeria’s foreign exchange market, falling to N1,740 per dollar in the parallel market on Monday, marking a loss of N8 from the previous day’s rate of N1,732/$. This depreciation persists despite a surge in FX turnover and an increase in the country’s external reserves. In the official market, … Continue reading Naira Plummets To N1,740 Per Dollar In Parallel Market Amid Record-High FX Turnover