Naira Breaks Below N2,000/£ Against the British Pound Sterling
The Nigerian naira broke a key resistance level against the British pound sterling, with the official interbank rate standing between N1,948/£ and N1,950/£.
Despite this, rates in the parallel market remain higher due to demand pressures and limited liquidity, frequently surpassing N2,000/£.
The naira strengthened to N1,945.8/£ at the Nigerian Foreign Exchange Market on Friday, showing marginal volatility in 2025.
The GBP/NGN ratio is up about 2.
Nigeria’s economic reforms and global factors influence the pair’s performance.
Author’s summary: Naira breaks key resistance level.
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