Nigeria, Sept. 24 -- From N1,491.49 on Monday and N1,488 registered last Friday, this marked a slight dip.



In the parallel market, the local currency also lost ground, trading at N1,521.50 per dollar compared to N1,518 the preceding day. Official and informal markets grew apart as a result of this, a trend that worries analysts and traders still today. Sources at Abuja's Wuse Zone 4 verified the data from the market.



Although the naira is fighting the dollar, Nigeria's foreign reserves are growing quickly, The News Chronicle understands. CBN data showed reserves rising to a six-year high and the greatest level since September 2019-that is, $42.03 billion on Tuesday. Delivering 13 gains in 14 sessions and signaling enhanced foreign...