⚑ Break StoryπŸ’° Money Matters
πŸ”°Sergeant

Naira Drops Again as Summer Travel and School Fees Bite

O

4 months ago

The naira is sliding in the black market, hitting N1,425/$ as Nigerians rush for dollars to fund summer trips and school fees abroad, even as official reserves sit at a fat $51 billion. So if our foreign reserves are swelling, why can’t the CBN keep the parallel market rate stable?
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