Naira hits fresh record low against dollar
The Nigerian currency extended its decline on Thursday on the official market, closing a new record low of N996.75 to
The Nigerian currency extended its decline on Thursday on the official market, closing a new record low of N996.75 to a dollar.
The naira weakened by 16 percent from 836.61/$ on Wednesday, data from FMDQ Group show. It plunged to as low as 1,100/$ during trading.
The turnover in the Nigeria Autonomous Foreign Exchmage Market rose to $228.54 million from $113.52 million the previous day.
Our standardsReported and edited by the Markets Reporters newsroom. How we workUse of AISummaries, audio and Ask MR answers are generated from our reporting and labelled. Reporting and writing are human.CorrectionsSpotted an error? Tell us — we correct and note it.
Free newsletter
