The naira is being stress-tested by vacation flights and school fees. On Thursday, the parallel market rate weakened to ₦1,425/$, while the official Nigerian Foreign Exchange Market (NFEM) rate stood at roughly ₦1,374/$ — widening the spread to about ₦46 from near-zero levels four months ago. Since February, the naira has lost ₦55 or 3.86% in the black market, a reminder that seasonal demand can undo months of stability.

Assets (What's Gaining Value)

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