Stella Dimoko Nigerian Naira Crashes To Record Low At Official Market


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Friday, October 15, 2021

Nigerian Naira Crashes To Record Low At Official Market

Will the naira ever return to normal???

Its value fell further by 1.68 per cent against the dollar at the official market on Thursday October 14th....

At the Investor and Exporter foreign exchange window, the local currency opened at 413.15/$1 on Thursday but closed at 422.07/$1.
The naira had depreciated by 0.19 per cent to 415.10/$1 on Wednesday after closing at 414.30/$1 on Tuesday.
At the parallel market, the dollar was bought at N565 and sold for N570, according to some operators in the black market.

from punch


  1. Sad! Exchange rate is a key economic indicator of growth. The dollar may likely not return to normal now with the way the economy is going. No major export, increase in prices of goods and continuous government borrowing.

  2. This is sad... May God have mercy

  3. I'm just tired of the whole thing. I'm not happy at all.

  4. They should build factories and industries and watch the Naira gain value naturally

  5. I thought aboki fx was the problem na

  6. But the CBN governor said Aboki fx was the cause so what is happening now. Nigeria na the more you look the less you see


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