Tag: Exchange Rate Volatility
Pound to Naira Exchange Rate Hits New High Today
The pound to naira exchange rate surged to a new high today, with £1 trading at N1,250 on the parallel market, according to financial analysts and currency traders in Lagos. The sharp rise follows...
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....
Dollar Hits 1000 Naira as Naira Weakens Further
The Nigerian naira weakened further on , hitting a record low of 1,000 per $100 in parallel market trading, as economic instability and currency shortages deepened. The Central Bank of Nigeria (CBN) has not...