nigeria parallel market
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![Today's Naira Rate [12-02-2025]: Naira Falls to N1,570/$1 as Forex Shortage Persists](/data/attachments/213/213389-e4a2172565e06538ffb086f5ae94c27a.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate [12-02-2025]: Naira Falls to N1,570/$1 as Forex Shortage Persists
The naira depreciated further, trading at N1,570/$1 in the parallel market amid rising forex demand and limited supply. It also weakened against the pound and euro. Despite CBN’s interventions, analysts warn of continued depreciation unless forex liquidity improves. Governor Cardoso vows strict...- Nigeria News
- Article
- 2 min read
- cbn forex policy naira depreciation naira exchange rate nigeria parallel market us dollar to naira
- Category: Business
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