Concerns As Naira Continues Fall Against US Dollar, Hits ₦1,740/$1 In Parallel Market …C0NTINUE READING HERE >>>
Experts have expressed concern as Nigeria’s currency, the Naira, continues its depreciation trend, with the exchange rate hitting ₦1,740/$1 in the parallel market after trading last weekend.
Henzodaily reports that the Naira exhibited stability with slight appreciation in the Nigerian Autonomous Foreign Exchange Market (NAFEM), as market participants speculate that the Central Bank of Nigeria (CBN) may intervene imminently to alleviate the pressure on the exchange rate.
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