- Naira has depreciated against the US dollar by N81, trading at N1,154.08 per dollar in the official market
- The Nigerian currency, however, gained in the parallel market, where it gained about N60 after trading at N1,040 to a dollar
- The development comes amid a denial by the CBN that it uses Nigeria’s foreign reserves to defend the naira
Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.
The Nigerian currency halted its winning streak against the US dollar on Thursday, April 18, 2024, for the second time in a week, losing N81 to the dollar.
