Tag: Foreign Exchange Market
Egyptian Pound Drops to Record Low Against Naira Amid Economic Strains
The Egyptian pound hit a record low against the Nigerian naira on Thursday, trading at 115 naira per pound on the black market, as Egypt grapples with severe economic challenges. The currency’s sharp decline...
Naira Drops to New Low: 1 Dollar Now Equals 1,500 Naira
The Nigerian naira hit a record low of 1,500 per U.S. dollar on Thursday, deepening the currency’s decline amid economic instability. The Central Bank of Nigeria (CBN) confirmed the drop, which follows months of...
Naira Drops to 1,000 per 100 Euros Amid Forex Crisis
The Nigerian naira plummeted to 1,000 per 100 euros on Tuesday amid a deepening foreign exchange crisis, marking a record low against the euro, according to data from the Central Bank of Nigeria (CBN)....