Naira Starts New Month Low Against the Dollar in Official Window, Rises  in Black Market

Naira Starts New Month Low Against the Dollar in Official Window, Rises  in Black Market …C0NTINUE READING HERE >>>

The Nigerian currency, the naira, plummeted to the lowest in history in the official marketOn Wednesday, October 2, 2024, the naira plummeted, trading at N1,669.15 per dollar in the official marketThe depreciation represents 8% at N127 against the US dollar in the foreign exchange market

Henzodaily.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

During the first day of trading in October, the Nigerian currency, the naira, dropped to its lowest of N1,669.15 per dollar in the official market

Data from the FMDQ Exchange shows that the…

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