Naira ends week cool as NFEM turnover drops nearly 47% - Businessday NG

Naira depreciates to N1,380/$ in parallel market

Nigeria's Naira slid to N1,380/$ in the parallel market and N1,377/$ official, widening the spread to N3 as interbank FX turnover dropped 10.5% to $55.8M. Tech companies with Nigeria exposure face rising FX risk on USD contracts, SaaS pricing, and cloud budgets.