Tag: Dollar-to-Naira Exchange Rate
Naira Drops to 3,000 Per Dollar Amid Economic Turmoil
The Nigerian naira plunged to a record low of 3,000 per U.S. dollar on Thursday, deepening economic turmoil as foreign exchange shortages and inflation continue to cripple the country’s currency. The Central Bank of...
Naira Drops as $2000 Equals 1,800,000 in Forex Market
The Nigerian naira weakened further on as the exchange rate hit 900,000 naira for $1,000 and 1,800,000 naira for $2,000 in the parallel forex market, according to traders and data from financial platforms....
Naira Dips to 300 per Dollar Amid Economic Pressures
The Nigerian naira weakened to 300 per U.S. dollar on Thursday amid mounting economic pressures, according to data from the Central Bank of Nigeria (CBN). The devaluation marks a sharp decline from the official...