Nigeria’s local currency, the naira, encountered renewed volatility in the unofficial foreign exchange market this week, as rising demand for the U.S. dollar, coupled with global economic shifts, sent the naira sliding to N1,565/$ at the parallel market — its lowest level in recent weeks. The sharp depreciation reflects heightened speculation and seasonal pressure, especially from [...]The post Naira faces renewed pressure amid Dollar strength, market volatility appeared first on National Daily Newspaper.
Related Articles
Don't miss out on breaking stories and in-depth articles.