Naira Drops to ₦1,585 Per Dollar in Parallel Market as Forex Pressure Mounts
The Nigerian currency continued its downward trend, falling to ₦1,585 per dollar in the parallel market on Wednesday from ₦1,565 per dollar recorded on Tuesday. This decline marks another setback for the naira, which has struggled to maintain stability in the face of growing foreign exchange pressures. Similarly, in the Nigerian Foreign Exchange Market, NFEM, … Read more
