Tag: Naira Exchange Rate
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 $500 Amid Forex Market Turmoil
The Nigerian naira plunged to a record low of 1,500 per U.S. dollar on the parallel market on Monday, deepening economic uncertainty as forex scarcity worsened. The Central Bank of Nigeria (CBN) has not...
Naira Falls to 200 Per Dollar as Currency Slumps Further
The Nigerian naira plunged to a record low of 200 per dollar on Monday, marking its steepest decline in months amid worsening economic pressures. The Central Bank of Nigeria (CBN) confirmed the slump, attributing...