Nigeria, March 26 -- Data from the Central Bank of Nigeria showed the local currency fell from N1,383.5 recorded a day earlier, trading within a range of N1,376 to N1,391.5 during the session. Market activity also decelerated; interbank turnover decreased to $55.7 million, and fewer transactions were documented than the previous day.



The most recent movement reflects growing investor prudence, as worries about inflation in developed countries continue to shape global currency patterns. The US dollar advanced further against key currencies, thereby increasing pressure on emerging-market currencies such as the naira.



Particularly, tensions related to Iran, which keep affecting worldwide investor mood, The News Chronicle gathered th...