Naira crashes to all-time low on official window

Naira dollar

On Monday, the naira hit an all-time low of N1348.63 per dollar on the Nigerian Autonomous Foreign Exchange Market. According to data from the FMDQ Securities Exchange, this represents a 51.21 percent drop from the national currency’s official market closing rate of N891.90/$ last Friday. Monday’s official rate is the worst official exchange rate the … Read more