Tag: Economic Instability
Naira Exchange Rate: $200 Equals ₦400,000 as of June 2024
As of June 2024, the Nigerian naira has plummeted to a record low against the U.S. dollar, with $200 exchanging for ₦400,000, according to data from foreign exchange markets. The sharp devaluation reflects persistent...
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 Hits Record Low: 1000 Euros Now Worth 1,200,000 Naira
The Nigerian naira hit a record low against the euro on , with 1,000 euros now exchanging for 1,200,000 naira, according to . The decline underscores persistent economic pressures, including foreign exchange shortages and...
Argentine Peso Plummets Against Nigerian Naira Amid Economic Shifts
The Argentine peso has plummeted to a record low against the Nigerian naira, with the exchange rate reaching 1,000 naira per peso in recent trading, a sharp decline from 700 naira just weeks ago....
Naira Drops to 1,000 per $1 as Exchange Rate Hits Record Low
The Nigerian naira plummeted to a record low of 1,000 per $1 on as the parallel market exchange rate surged, with the black market trading at 5,000 naira for $1, according to sources...
Pound to Naira Exchange Rate Drops to ₦1,100 Today
The pound to naira exchange rate plummeted to ₦1,100 today, marking a sharp decline in the value of the Nigerian currency against the British pound, according to data from foreign exchange platforms. The drop...
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 Hits New Low: $100 Now Worth Over 1,000 Naira
The Nigerian naira hit a new record low against the U.S. dollar on , with $100 now exchanging for over 1,000 naira on the parallel market, according to financial analysts. The sharp depreciation reflects...