Understanding Naira’s Appreciation to N1,680 Exchange Rate
The Naira has appreciated to ₦1,680 per dollar in the parallel market, showing a positive shift in the exchange rate.
This development follows recent fluctuations in Nigeria’s currency, with market forces influencing the value of the Naira.
The appreciation may be linked to a combination of factors, including government measures and market adjustments aimed at stabilizing the economy.
Despite the gains, concerns remain over the Naira’s long-term stability amid ongoing economic challenges.