Naira Reverses Gains, Depreciates at Official, Parallel Markets

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The naira has lost ground against the dollar, reversing its recent gains in both the official and parallel markets. The local currency, which had shown signs of stability in previous weeks, depreciated amid renewed pressure from forex demand, liquidity concerns, and economic uncertainties. At the official foreign exchange market, the naira weakened as traders and [...]
Source from InfoStride News
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About this article
- Length
- 60 words · 1 min read
- Published
- September 26, 2026
- Byline
- Temitope Nlewemchi
- Source
- Infostride