Naira has crashed at the P2P market with a new exchange rate emerging.
IDOMA VOICE reports that the Nigerian official currency crashed today with the dollar to naira exchange rate at the peer-to-peer market depreciating by 0.852% to trade at a minimum of N592/$1 on Thursday, May 5, 2022, compared to N587/$1 recorded on Wednesday, May 4, 2022.
This online news platform understands that the dollar to naira exchange rate between the naira and the US dollar closed at N418/$1 at the Investors and Exporters (I&E) window, where FX is traded officially.
The exchange rate at the official window strengthened on Wednesday to close at N418/$1 compared to N419/$1 recorded as of the close of trading activities in the previous week. A total of $162.7 million in FX value was traded on Wednesday, which is 2.6% higher than the $158.55 million traded on Friday last week.
As Nigerians express their frustrations over the recent fuel price hikes by the Nigerian National…
The Corporate Affairs Commission (CAC) has officially removed companies that failed to file their annual…
The Senate on Thursday agreed with the House of Representatives' recommendation to replace the death…
Monday Odigie, the coach of Bendel Insurance Football Club of Benin, has resigned from his…
Robert Lewandowski has reflected on the time he nearly joined Manchester United in 2012, only…
Maduka Okoye has reflected on his first appearance for the Super Eagles in two years.…
