Business
Free Fall Of Naira Continues With Highest Depreciation In 24hrs

The naira continued its depreciation against the dollar across foreign exchange markets for the fourth consecutive time.
This comes as the Naira fall to N1,554.85 per dollar from N1,543.91 on Wednesday, according to the Central Bank of Nigeria’s exchange rate date on Thursday.
Thursday’s depreciation at the official market is the highest drop in the past 48 hours as it dipped by N10.92 against the dollar.
Similarly, the Naira weakened to N1,590 per dollar mark on Thursday at the black market.
Read Also:
This is N5 depreciation on a day-to-day basis when compared to the N1585 per dollar exchange rate at the parallel market the previous day.
Since this week kicked off, the Naira has been on a depreciation streak.
Read Also:
The development showed that Naira is fast undoing past months appreciation and stability record against the dollar despite the Central Bank of Nigeria’s policy
-
Metro10 months ago
Husband Of Osun Missing Police Cries Out To IGP For Help
-
National10 months ago
Lagere Flyover: Ooni Lauds Gov Adeleke, Urges To Do More On Stomach Infrastructure
-
National10 months ago
Osun Monarch Threatens Journalists As Fake Doctor Nabbed Over Pregnant Woman’s Death Freed, Resumes Duty At Hospital
-
Education7 months ago
Osun Poly Commences Sales Of HND Admission Application Form For 2024/2025 Session
-
Entertainment10 months ago
Buried Alive Challenge : Man Speaks From Underground After 23 hours
-
National10 months ago
Nigerian Man Announces ‘Buried Alive For 24 Hours’ Challenge
-
National10 months ago
Binance CEO Claims Nigerian Officials Demanded Crypto Payments To ‘Make Issues Go Away’
-
Politics10 months ago
Gov Ododo Spent 100 Days Serving Bello As Special Driver – Okai