The naira depreciated further against the dollar as the foreign exchange market resumed trading.
Today’s exchange rate indicates a stark drop, with the Naira trading at ₦1620 to the Dollar for buying and ₦1640 for selling.
At the parallel market, the naira weakened to around N1640 against the dollar on Friday from 1490 last Friday.
This latest slump in the Naira’s value comes amidst ongoing economic challenges in Nigeria, including inflationary pressures, foreign exchange scarcity, and fluctuating oil prices. The depreciation is expected to have wide-ranging impacts on various sectors of the economy, increasing the cost of imported goods and services and putting additional strain on consumers and businesses alike.
Ibok-Ete Ekwe Ibas: Profile of Rivers State Military Administrator Full Name: Ibok-Ete Ekwe Ibas Date…
Christian Eriksen has revealed he expects to leave Manchester United when his contract expires in…
Vice Admiral Ibok-Ete Ekwe Ibas (Rtd) CFR psc+ GSS AM ndc MSc is a seasoned…
President Bola Tinubu has appointed Vice Admiral Ibokette Ibas (Rtd) as the Administrator of Rivers…
Text of the Broadcast by President Bola Ahmed Tinubu, Commander-in-Chief of the Armed Forces, declaring…
President Bola Tinubu has declared a state of emergency in Rivers State due to the…
