In a concerning turn of events, the Nigerian Naira fell to a historic low of N1,235 per US dollar on Tuesday, reflecting a 2.06 percent depreciation, or a N25 drop, compared to the previous day’s rate of N1,210. This significant devaluation occurred due to escalating demand on the parallel market, commonly referred to as the black market.

Just the day before, on Monday, the Naira had exhibited resilience by strengthening against the dollar, marking a 1.85 percent gain at the...........

https://ratecaptain.com/naira-plummets-to-record-low-as-n1235-per-dollar-in-the-fx-market/

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