Business

BREAKING: Naira crashes to N1,300 per dollar in new exchange rate

The Naira yesterday depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,300.15 per dollar exceeding the parallel market rate by N45.15.

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,300.15 per dollar from N1,234.49 per dollar last week Friday, indicating N65.66 depreciation for the naira.

Similarly, the Naira depreciated to N1,255 per dollar in the parallel market, from N1,1250 per dollar on Monday.

Consequently, the margin between the parallel market and NAFEM rates widened to N45.15 per dollar from N15.51 per dollar the previous day.

Treasure Orokpo

A multi-talented individual with a passion for diverse fields, Treasure Orokpo is a trained journalist, skilled cook, and AI enthusiast. When she's not uncovering the latest stories, you can find her whipping up culinary creations in the kitchen and entertainment.

Recent Posts

Newly promoted NSCDC officer collapses, dies in restroom after salary alert

A newly promoted officer of the Nigeria Security and Civil Defence Corps (NSCDC), identified only…

6 hours ago

Why Tinubu promoted Acting COAS Oluyede to Lieutenant General – Presidency reveals

President Bola Tinubu promoted Acting Chief of Army Staff Olufemi Olatubosun Oluyede to the rank…

6 hours ago

Nigerian govt Scraps 18-year admission requirement for tertiary institutions

The Federal Government has officially scrapped the contentious 18-year age requirement for admission into tertiary…

6 hours ago

Baltasar Engonga: Equatorial Guinea govt takes action as more videos leaks onlines

The Government of Equatorial Guinea has restricted citizens from using mobile data to download and…

7 hours ago

BREAKING: Tinubu promotes Acting COAS Olufemi Oluyede to Lieutenant General rank

President Bola Tinubu has promoted Acting Chief of Army Staff (COAS) Olufemi Oluyede to the…

7 hours ago

BREAKING: Baltasar Engonga: Equatorial Guinea restricts WhatsApp amid leaked videos

The Government of Equatorial Guinea has restricted citizens from using mobile data to download and…

10 hours ago