Naira continues downward trend against Dollar amid rising inflation, economic challenges

The naira resumed its downward trajectory against the U.S. dollar on Tuesday, closing at N1658.97 in the official Investors and Exporters (I&E) window. This decline comes on the heels of troubling inflation reports, which revealed that Nigeria’s inflation rate surged to 32.70% in September, up from 32.15% in August—an increase of 0.55% month-on-month. The naira’s [...]The post Naira continues downward trend against Dollar amid rising inflation, economic challenges appeared first on National Daily Newspaper.

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