The naira weakened further on Wednesday, closing at ₦1,608.60 per dollar at the official market, down from ₦1,606.64 on Tuesday.…
The naira weakened further on Wednesday, closing at ₦1,608.60 per dollar at the official market, down from ₦1,606.64 on Tuesday.
According to CBN data, the exchange rate peaked at ₦1,615 during the day as rising demand met limited forex supply.
At the parallel market, the naira also dropped to ₦1,610 from ₦1,605.
Analysts say the currency remains under pressure due to tight dollar inflows and growing demand.
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