On June 16, 2026, the Naira experienced a depreciation against the dollar in the official foreign exchange market. According to data from the Central Bank of Nigeria, the exchange rate for the Naira fell to N1,357.18, a decrease from N1,356.27 recorded the previous day. This decline represents a drop of N0.90 in the value of the Naira against the dollar on a day-to-day basis. Additionally, the exchange rate dynamics in the black market continue to reflect ongoing fluctuations in the currency's value.
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