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The Nigerian Naira has depreciated to ₦1,376 per dollar in the parallel (black) market, raising fresh concerns over currency stability and the cost of living, Peak Newspaper reports. The latest drop comes amid ongoing foreign exchange pressures, rising demand for dollars, and limited FX supply in the informal market. While the official rate may differ, […]
The Nigerian Naira has depreciated to ₦1,376 per dollar in the parallel (black) market, raising fresh concerns over currency stability and the cost of living, Peak Newspaper reports.
The latest drop comes amid ongoing foreign exchange pressures, rising demand for dollars, and limited FX supply in the informal market.
While the official rate may differ, the widening gap between the parallel and official windows continues to spark debate among economists and business owners.
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