Naira Weakens Further Amid Falling US Dollar Index and Lack of Interventions by Central Bank of Nigeria
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#f4e83713 ver:1.49

The Nigerian Naira continues to weaken due to lack of interventions by the Central Bank of Nigeria, with the US dollar trading at N1,421 per dollar in the official market and N1,450 per dollar in the parallel market. The decline in Naira value is also reflected in the Nigerian Autonomous Foreign Exchange Market, where forex turnover dropped by 37.4% in April. The weakening Naira affects purchasing power and has implications for inflation and the overall economy. Meanwhile, the US dollar strengthens globally, with investors looking to the April non-farm payrolls report for potential changes in interest rates. #Naira #Forex #Economy...

#newstr #NigerianNaira #ForeignExchangeMarket #CentralBankOfNigeria #BureauDeChange #ForexTurnover #PeterObi #UsDollarIndex 

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