Post by Ibadan Watch (@Ibadanwatch)

Naira Falls to ₦1,401/$ as Global Tensions Shake FX Market.

The Nigerian naira weakened to ₦1,401 per dollar at the official market, its lowest level in weeks, amid global tensions involving the US, Iran, and Israel. Data from the Nigerian Foreign Exchange Market showed a 4.09% depreciation since February.

Analysts including Muda Yusuf warn that geopolitical instability may trigger further volatility, although higher oil prices could improve Nigeria’s foreign exchange inflows.

Naira Falls to ₦1,401/$ as Global Tensions Shake FX Market. The Nigerian naira weakened to ₦1,401 p...

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