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The exchange rate between the naira and the dollar fell to N1,484.75 on Thursday, May 30, 2024, marking the second consecutive day of decline. Earlier in the week, the naira had shown unexpected strength, appreciating to N1,173.88 on Tuesday, its best performance in over two months. This surprising gain was first indicated on Monday, when
The Nigerian currency seems to be dangling over the electric pole…. Bola Ahmed Tinubu took the naira from his friend, Muhammadu Buhari at N700 to N1900 and has now been revolving around N1,500. As at Today, the Dollar is N1,590. 25 It’s almost 1,600 naira….. Funny enough, this would look like Indomie that hiked their prices
Amid the impact of the Central Bank of Nigeria’s foreign exchange reforms, the Naira depreciated against the dollar on Friday, exchanging at N803.90 at the investor’s and exporters’ window. According to NAN, the country’s currency decreased by 7.72 per cent compared to N746.28, which it exchanged for the dollar on Thursday. The open indicative rate