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The naira has weakened against the dollar on the back of Donald Trump’s tariff turmoil that has triggered uncertainty among holders of local currency assets.
However, analysts are still betting on the naira, saying that the depreciation remains within expected bounds for economies with similar profiles, anticipating stabilisation in the near term. Data from the Central Bank of Nigeria (CBN) showed the naira depreciated by N35.77 on the official market between last Wednesday and Friday, settling at N1,567.02 per dollar (from N1,531.25 on A
