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Naira Falls to N1,381 per Dollar as Nigeria's FX Reserves Reach $51.7 Billion
The Nigerian naira has weakened to N1,381 per US dollar even as the country's foreign exchange reserves climbed to $51.7 billion. The divergence between reserve accumulation and exchange rate performance presents a mixed macro signal for fintech operators and cross-border businesses pricing in currency risk.
2 sources
- Naira falls to N1,381/$1 as FX reserves hit $51.7 billion · nairametrics.com · T2
- Naira slips to N1,576/€1 against Euro despite strong external reserves · nairametrics.com · T2