
Naira Plummets by N52.24 Against Dollar Amid FX Supply Crunch
Korede Abdullah in Lagos The Nigerian Naira has suffered a significant decline, losing N52.24 against the US dollar in just 48 hours. According to data from FMDQ, the Naira weakened to N1653.02 on Tuesday, down from N1600.78 last Friday. This marks the second depreciation this week, following Monday’s rate of N1603.16 per dollar. The downturn…