The currency of Nigeria, Naira is currently in coma as it further dips against the dollar. For proper perspective on this 1 USD matter, it is pertinent to note that since Tinubu became President, Naira has lost 74.5% value against the Dollar in just 7 months. READ ALSO : FG Approves Increase In Electricity
Nigerian Naira currently in Coma as it drops against dollar
The naira yesterday depreciated to N1,230 per dollar in the parallel market from N1, 225 per dollar last week Friday. However, the naira appreciated to N872.59 per dollar in the official Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N872.59 per dollar from N885.88 per