Naira Falls Further Against Dollar in Parallel Market Amid Economic Uncertainty

The Naira has experienced a sharp decline in value, trading at an alarming rate of N1,635 to the U.S. dollar in the parallel market. This latest depreciation underscores the ongoing challenges facing Nigeria’s economy, particularly in the foreign exchange sector, where demand continues to outstrip supply.

Market analysts attribute the Naira’s fall to several factors, including the persistent


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