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Nigerian naira falls 23% after currency peg ends

Nigeria's naira reportedly fell 23% after the currency peg was ended.

By DoomRadar · Published on DoomRadar .

Why it matters

A sharp devaluation can raise inflation and increase pressure on households and businesses.

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  1. Nigerian naira slumps 23 percent after currency peg ends ↗quicknews-africa.net · Recorded source date: Aug 24, 2026, 12:31 PM UTC

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