Naira Plunges to ₦2,200 Against British Pound Amid Rising FX Pressures
Lagos, June 21, 2025 – The Nigerian Naira continued its downward slide on the foreign exchange market, trading at an alarming ₦2,200 to one British Pound Sterling, amid persistent liquidity challenges and growing demand for foreign currency. This latest depreciation marks a significant drop in value and adds to the pressure on Nigeria’s fragile exchange