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Naira Falls to N1,670/$ in Parallel Market Amid Continued DepreciationThe Naira depreciated to
N1,670 per dollar in the parallel market, down from
N1,665 on Tuesday. In the official foreign exchange market, the Naira also weakened to
N1,545 per dollar, reflecting a N5 drop compared to the previous day’s rate of
N1,540.Data from the Central Bank of Nigeria (CBN) and FMDQ confirmed the continued decline, with the official rate reaching
N1,544.2 per dollar. This depreciation widened the gap between the parallel and official markets to
N125 per dollar from
N120.95.Crypto Pulse Nigeria | Subscribe