Currency volatility: Intra-day high records N1755/$1 on sustained demand pressure  

The Naira experienced a notable depreciation against the US dollar on February 21, 2024, peaking at an intra-day high of N1,755.  

This increase coincided with heightened demand pressure, exacerbating the depreciation trend of Nigeria’s currency. 

Concurrently, the official exchange rate settled at N1,542.58 to $1 on the same day, underscoring the currency’s volatility.