Naira falls below N1,600 as dollar strengthens amid renewed pressure

The Nigerian naira has dropped below the critical N1,600/$ support level in the black market, signaling renewed pressure and an expanding supply gap in the foreign exchange market. The local currency, which was valued at N1,625 per dollar over the weekend, fell to N1,635/$ yesterday, highlighting ongoing challenges in maintaining stability. Market fundamentals indicate that [...]The post Naira falls below N1,600 as dollar strengthens amid renewed pressure appeared first on National Daily Newspaper.

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