Naira Continuous Weakness Has Finally Brought It to N760/$ at black market
As the inauguration approaches, demand for the dollar is on the rise, along with big-ticket purchases. To help readers fully comprehend the situation and make informed financial decisions, it would be beneficial to clarify the sources of the surge in demand for foreign exchange and explain why the naira can no longer resist the dollar. Additionally, providing more context on past governors and lawmakers who have fled the country with illegally obtained funds would emphasize the need for anti-corruption measures. It is crucial to explore the long-term effects of the current surge in foreign exchange demand and its potential implications for the Nigerian economy. As for recent developments, the naira has dropped to N760/$, losing its long-standing N750/$ resistance, which has gained attention due to the upcoming regime change. The market may have started pricing in uncertainty risk that comes with a change of national economic managers. Some dealers said yesterday that there has been