The dollar index remained near its weekly high, while the Nigerian naira fell below a key support line. The local currency dropped below the N1,600/$ support level in the black market.
Olumide Adesina is a Financial Market Analyst who specializes in analyzing the Nigerian financial market, particularly in Lagos. With a focus on providing insights into the local economy, Olumide writes for Nairametrics, covering topics such as cryptocurrency, foreign exchange, stock market trends, and the financial performance of prominent Nigerian individuals and companies.