NEWS: Naira Depreciates Against the US Dollar in the Official Market, Rises in Black Markets

Naira Depreciates Against the US Dollar in the Official Market, Rises in Black Markets

There is a new naira-to-dollar exchange rate in the official and unofficial foreign exchange marketsThe Nigerian currency appreciated in the black market but depreciated against the dollar in the official marketThere are high expectations that the naira will finish the year strongly as the federal government targets an exchange rate of N1,400 to the dollar by 2025

Henzodaily.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the…

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