On Thursday, April 25, the Naira continued its depreciation against the United States dollar. At the official market, the Naira dropped to N1,309/$, while at the parallel market, it fell to N1,420.
This marks a significant decline of N90 or 6.8% from the previous rate of N1,330 reported by currency traders on Wednesday, April 24. Bureau de change operators attribute this depreciation to a rise in the demand for dollars."
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