*Naira crashes to record low at official market

*Naira crashes to record low at official market*

The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday.

 

At the Investor & Exporter foreign exchange window, the local currency opened at 413.15/$1 on Thursday but closed at 422.07/$1.

 

The naira had depreciated by 0.19 per cent to 415.10/$1 on Wednesday after closing at 414.30/$1 on Tuesday.

 

At the parallel market, the dollar was bought at N565 and sold for N570, according to some operators in the black market.

 

The Central Bank of Nigeria, however, maintained N410.91/$1 as its official rate on its website.

 

In July, the CBN stopped forex sales to the Bureau de Change operators and assured that it would supply forex to legitimate users through the banks.

See also  BREAKING: Nigeria’s inflation rate rises to 24.2%

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Death Toll Rises to 20 in Benue as Police, Residents Recover Bodies

Farmer Killed, Two Others Injured in Bee Attack on Osun Farm

JAMB Reschedules 2025 UTME Start Date to April 24

No Plans To Have More Children With Chioma– Davido

Drama as Bauchi Deputy Governor Slaps Foreign Affairs Minister at Emir’s Palace

Fugitive ‘Killaboi’ Brought Back to Nigeria Over Murder of Student

Death Toll Rises to 20 in Benue as Police, Residents Recover Bodies

Farmer Killed, Two Others Injured in Bee Attack on Osun Farm

JAMB Reschedules 2025 UTME Start Date to April 24

No Plans To Have More Children With Chioma– Davido