Naira -

Naira depreciates against dollar, exchanges for N1,600/$

February 15, 2024 by Francis Abel

The naira fell below N1,600 per dollar on Thursday, as Nigeria’s economy continues to suffer under President Bola Tinubu’s leadership. According to Aboki Forex, the naira fell to N1,600 to $1, despite efforts by the Central Bank of Nigeria to stem the naira’s wild decline. Though the naira had been falling against the dollar before … Read more

Naira crashes to all-time low on official window

January 30, 2024 by Francis Abel

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