Naira Falls to Lowest Level Since March 15 Amid High Dollar Demand and Geopolitical Uncertainty
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#f4e83713 ver:2.11

The Nigerian naira has fallen to its lowest level since March 15 due to high demand for US dollars and geopolitical uncertainty. The naira has depreciated against the dollar in both the official and parallel markets. Despite Nigeria's record-high foreign reserves, importers' pressure on the dollar has led to the currency's crash. The Central Bank of Nigeria assures that the naira is safe, but the value of the pound sterling is quickly approaching N2,000/£1 on the black market. The CBN injected fresh funds to stabilize the market, but the naira continues to decline....

#newstr #Naira #UsDollar #Inflation #FederalReserve #Economy 

 https://here.news/story/f4e83713?ver=2.11