On Wednesday, the naira dropped to a new low against the dollar at the parallel market. According to reports by The Cable, Bureaux de Change operators quoted the naira at N1,045 to the dollar.
At the investors’ and exporters’ window, the naira depreciated by 0.70 percent to close at N776.80 to the dollar on Wednesday, according to reports by The Cable.
The continued depreciation of the naira underscores the ongoing economic uncertainties and fluctuations in the country, posing significant concerns for both businesses and the general populace.