Home Nigeria news Naira Faces Fresh Pressure As Pound Sterling Trades Above ₦2,000 In Parallel Market

Naira Faces Fresh Pressure As Pound Sterling Trades Above ₦2,000 In Parallel Market

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Naira Faces Fresh Pressure As Pound Sterling Trades Above ₦2,000 In Parallel Market

Naira Faces Fresh Pressure As Pound Sterling Trades Above ₦2,000 In Parallel MarketThe British pound sterling continued to maintain a strong lead over the Nigerian currency, the Naira. Reports from multiple market trackers on Wednesday, November 5, 2025, showed black-market rates hovering between ₦2,030 and ₦2,100 per £1. Naija News reports that the development highlights ongoing weakness in Nigeria’s foreign exchange market and rising demand for foreign […]

The post Naira Faces Fresh Pressure As Pound Sterling Trades Above ₦2,000 In Parallel Market appeared first on Naija News.

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