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BREAKING NEWS: Naira Slumps Against Dollar

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BREAKING NEWS: POPULAR GOSPEL ARTIST MISTAKENLY SHARES NVDE V!DEO MEANT FOR HER BOYFRIEND IN CHURCH WHATSAPP GROUP..The naira ended the week on a negative note, depreciating against the dollar in both the official and parallel foreign exchange markets. ...READ THE FULL STORY FROM SOURCE ...READ THE FULL STORY FROM SOURCE

According to data from FMDQ, the naira slightly weakened to N1,541.68 per dollar on Friday, down from N1,541.38 on Thursday, marking a loss of N0.30.

In the parallel market, the naira closed at N1,775 per dollar on Friday, up from N1,768 the previous day.

Throughout the week, however, the naira experienced more appreciation than depreciation. Additionally, on Wednesday, President Bola Ahmed Tinubu set a foreign exchange benchmark of N1,500 per dollar for 2025, signaling a policy target for the naira’s value in the coming year.…READ THE FULL STORY FROM SOURCE

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