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.
Nigerian singer David Adeleke, known as Davido, has Reveals how he navigates the pain of…
President Bola Tinubu’s administration has announced Tuesday, October 1, as a public holiday to mark…
Evicted Big Brother Naija ‘No Loose Guard’ housemate, Shaun Okojie, has expressed his willingness to…
Explosion at a service station in Dagestan, Russia, has left at least 10 dead, including…
The House of Representatives has summoned the Chairman of the Economic and Financial Crimes Commission…
The Lagos State Taskforce has apprehended four men accused of engaging in illegal drug trade.…
