Tag: Inflation Concerns
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 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...