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Again, Naira crumbles at official market trades at N1,309.88/$1

by Present Nigeria
April 26, 2024
in Business
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CBN Devalues Naira To 630/$1
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For the sixth consecutive day, Naira continued its fall against the US dollar at the official window as the domestic currency traded at N1,309.88/$1.

This is according to data sourced from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

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At the end of trading on Thursday, the naira lost N1.36 against the dollar when compared to the previous exchange rate of N1,308.52/$1 on Tuesday, April 23, 2024.

The intra-day high and low recorded during the day were N1,435/$1 and N1,100 /$1 respectively, representing a lean spread of N335\$1.

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