On Monday, the Naira fell to N1,612 per Dollar at the official foreign exchange (FX) market, marking its lowest value since December 4, 2024, when the dollar was priced at N1,613.69. The Nigerian Foreign Exchange Market (NFEM) saw a 2.89% depreciation in the local currency, which dropped to N1,612.23/$ from N1,567.02/$ traded on April 4. … Continue reading Naira Drops to N1,612 per Dollar Amid FX Market Pressures