Tag: Parallel Market Rates
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 Record Low: $100 Now N6,000
The Nigerian naira hit a record low on , with $100 exchanging for N6,000 in the parallel market, marking its sharpest decline amid worsening economic pressures. The Central Bank of Nigeria (CBN) attributed the...
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....