<img width="308" height="91" src="https://nigeriannewsdirect.com/wp-content/uploads/2024/07/NigeriaNewsDirect-1-e1708311618417-2.jpeg" class="default-logo" alt="Nigerian NewsDirect" decoding="async" srcset="https://nigeriannewsdirect.com/wp-content/uploads/2024/07/NigeriaNewsDirect-1-e1708311618417-2.jpeg 308w, https://nigeriannewsdirect.com/wp-content/uploads/2024/07/NigeriaNewsDirect-1-e1708311618417-2-300x89.jpeg 300w" sizes="(max-width: 308px) 100vw, 308px" />

<img width="308" height="91" src="https://nigeriannewsdirect.com/wp-content/uploads/2024/07/NigeriaNewsDirect-1-e1708311618417-2.jpeg" class="default-logo" alt="Nigerian NewsDirect" decoding="async" srcset="https://nigeriannewsdirect.com/wp-content/uploads/2024/07/NigeriaNewsDirect-1-e1708311618417-2.jpeg 308w, https://nigeriannewsdirect.com/wp-content/uploads/2024/07/NigeriaNewsDirect-1-e1708311618417-2-300x89.jpeg 300w" sizes="(max-width: 308px) 100vw, 308px" />

Nigeria’s FX market

Money market

Naira weakens as demand for dollars rises in Nigeria’s FX market

By Sodiq Adelakun In the unofficial foreign exchange (FX) market, known as the parallel market, the Nigerian naira weakened to N930 to dollar on Thursday. This decline was driven by the growing demand for dollars, which Nigerian banks were unable…

NewsDirect
September 11, 2023