Naira weakens to N1,372/$ ahead of next week’s MPC meeting

On Friday, the naira experienced a slight depreciation at the official foreign exchange market, ending the day at N1,372 to the dollar. This decline comes as investors are taking a cautious stance in anticipation of the upcoming Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN), scheduled for next week. The MPC meeting is expected to address key economic issues, influencing market sentiment and currency stability. The current exchange rate reflects ongoing volatility in the foreign exchange market amid broader economic considerations.

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