Last updated on July 8th, 2025 at 11:01 am
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| Photo credit: BuzzNigeria |
The naira crashed to another record low of NGN505 to $1 despite continued FX sales from the CBN to support dollar demand. The local currency lost a whopping NGN27 from its last value of NGN/$478 nine days ago!
The record bottom will see another round of increases inthe prices of goods and services as the nation prepares for the yuletide season.
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