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Home Business Naira Slides Further on the Street as Gap Widens With Official Window

Naira Slides Further on the Street as Gap Widens With Official Window

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The naira weakened further in the parallel market while holding a different rate at the official NFEM window, widening the spread between both markets. The movement reflects ongoing demand-supply tension in the FX ecosystem.

Analysts warn that persistent gaps can fuel speculative pricing and complicate planning for import-dependent sectors.

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