x

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.

Hot this week

BAVCCA urges Nigerians to defend Dangote Refinery

President of the Bloggers and Vloggers, Content Creators Association...

KOSIEC Releases Timetable for 2026 Kogi Local Government Elections

By Noah Ocheni, LokojaThe Kogi State Independent...

INSPIRATION: When Sleep Escapes the Soul

With Mary EwaIf God did not create sleep for...

BAVCCA urges Nigerians to defend Dangote Refinery

President of the Bloggers and Vloggers, Content Creators Association...

INSPIRATION: The Family: The Forgotten Powerhouse of Civilization

By Mary EwaFamily — the smallest yet most powerful...

INSPIRATION: Seeing Myself in the Light of Now

By Mary EwaTechnology is the wealth of the twenty-first...

PenCom mulls reintroduction of gratuity as pension assets hit N25trillion

By Ogenyi Ogenyi, UyoThe National Pension Commission, PenCom, has...

Security Operatives Question NDDC MD Over Alleged Coup Financing

By our correspondentThere is palpable tension at the headquarters...

ALSTDI Commends President Tinubu for Extending Adebomehin’s Tenure, Hails Progress in Geospatial Intelligence and National Mapping Reforms

….Says extension reflects confidence in performance and continuity….Urges Surveyor-General...

ALSTDI Commends Tinubu for Extending Adebomehin’s Tenure, Praises Geospatial and Mapping Reforms

….Says extension reflects confidence in performance and continuity….Urges Surveyor-General...

Related Articles

Popular Categories

spot_imgspot_img