Against the backdrop of the abysmal performance of Nigeria’s currency in the international market, financial analysts have indicated that the Naira is still facing more distortions that could further erode its value. Meanwhile the local currency sustained the depreciation trend yesterday hitting N1,710/$ in the parallel market, as against N1,690/$ the previous day. The Naira also faced similar fate in the official market, depreciating to N1,660/$ from N1,659/$ the previous day. READ ALSO: Thumbs-up: Don’t Reverse Fuel Subsidy, Naira Floating – World Bank Hails Tinubu ‘Very Sick’ Kenyan Deputy President…
Read MoreWhy Naira Is Worst Performing Currency, Crashes Further To N1,710/$
