Business
Naira Hits New Low: Drops to N1,300/$ in Official Market

Breaking News: Naira Takes a Dive in Foreign Exchange Market, Hits N1,300.15 Against the Dollar.
Recent data from FMDQ reveals a startling jump in the Naira’s exchange rate, skyrocketing to N1,300.15 per dollar in the Nigerian Foreign Exchange Market (NAFEM).
This surge surpasses the parallel market rate by a significant N45.15 margin. Compared to last week’s figures, this represents a whopping N65.66 depreciation for the Naira.
In tandem, the parallel market also witnessed a decline, with the Naira sliding to N1,255 per dollar from Monday’s N1,250. Stay tuned as we track the latest developments in this currency rollercoaster ride.