Naira crashes massively, hits N745 per dollar in black market

Nigerian currency – naira, has continued to slide against the dollar and other foreign currencies.

Yesterday, Monday October 18, 2022, naira currently stands at N740 per dollar in black market.
The Naira on Monday appreciated slightly against the dollar at the Investors and Exporters window, exchanging at N441.25.
An exchange rate of N442.50 to the dollar was the highest rate recorded within the day’s trading before it settled at N441.25.

The Naira sold for as low as N425 to the dollar within the day’s trading.

A total of 46.21 million was traded in foreign exchange at the official investors and exporters window on Monday