‎The naira continued its downward slide in opposition to the US greenback within the parallel market on Friday, Could 30, highlighting persistent volatility in Nigeria’s overseas trade panorama.

‎A supply in Abuja’s black market advised Financial Confidential that the naira traded at ₦1,620/$1 for getting and ₦1,630/$1 for promoting—reflecting a ₦15.33 depreciation from Wednesday’s charges of ₦1,605/$1 and ₦1,615/$1, respectively.

‎Conversely, the official trade window noticed a slight appreciation within the native foreign money, with the naira closing at ₦1,595/$1 on Friday, in comparison with ₦1,597/$1 on Thursday, in keeping with historic buying and selling knowledge.

‎Regardless of the modest good points within the official market, the widening hole between each trade charges underscores continued strain on Nigeria’s foreign exchange system, pushed by greenback shortage and speculative actions.