Naira Sinks to N1,700 per Dollar at Parallel Market, Hits 7-Month Low Amid Continued Depreciation

Naira Sinks to N1,700 per Dollar at Parallel Market, Hits 7-Month Low Amid Continued Depreciation …C0NTINUE READING HERE >>>

Henzodaily.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the Stock Market.

On Friday, September 27, 2024, the naira fell to N1,700 per dollar in the parallel segment of the foreign exchange (FX) market.

By the close of trading, this marked a decline of 1.49% from the N1,675/$ rate observed on Thursday.

Naira Sinks to N1,700 per Dollar at Parallel Market, Hits 7-Month Low Amid Continued Depreciation
Source: UGC

This N1,700 rate represents…

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