Naira Depreciates Against United States Dollar
The naira's value decreased against the United States dollar on Friday. The Central Bank of Nigeria reported that the naira weakened significantly.
This change can affect Nigerians who import goods or travel abroad. The naira's depreciation can increase prices of imported goods.
The country's foreign reserves have continued to rise despite the naira's depreciation. The naira's value decreased across both official and parallel foreign exchange markets.
This story is based on reporting by Daily Post, written in our own words and checked against that report before publishing. Spotted an error? Report it.
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