Naira fell significantly against the U.S. dollar at the official market on Thursday, extending the domestic unit’s decline to the second day.
The currency closed at N417.50 to a dollar at the close of business on Thursday, which implies a N0.83 or 0.2 per cent devaluation, according to data published byIt opened trading at N417.40 per $1, reached an intraday high of N410.00 and a low of N444.00 before closing at N417.50 on Thursday, fourth business day of the week.
Foreign exchange turnover skyrocketed 72.6 per cent with $196.28 million recorded as forex supply at the close of business on Thursday against $113.72 million posted on Wednesday.Similarly, the local currency depreciated further at the unofficial market inching towards N600 per $1. At the parallel market in Uyo, dealers exchanged the naira at N586.00 and sold at N592.00 to a dollar on Thursday, while dealers in
Still praying for when it's gonna rise up🙏🙏
Hi
Buhari makes his promise, hurray! (N1 to $1)
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