Naira Declines Again at Official Exchange Rate, Losing N3, While Gaining Ground in Parallel Market
For the second day, the Nigerian currency, the naira slumped against the dollar at the official foreign exchange market on Tuesday, February 4, 2025. FMDQ data showed that the naira slumped to N1,498.95/$1 on Monday, February 3, down from N1,495.60/$1 2025. This represents a loss of N3.35 for the local currency. However, at the parallel…
