The Naira has slumped seven times in recent days against the US dollar at the foreign exchange. FMDQ data showed that the Naira recorded a seventh drop against the Dollar, quoting N1309.88 per Dollar on Thursday from N1308.52 on Wednesday. This represents a N1.36 loss on a day-to-day basis. At the parallel market section, the […]
Naira crashes to N1,534 against US dollar at foreign market
The Naira depreciated to a record low of N1,534.39 against the US dollar at the foreign exchange market on Monday. Data from FMDQ showed that the Naira dropped to N1,534.39 per US dollar on Monday from N1,469.97 on Friday. This represents a 4.2 per cent or N64.42 depreciation compared to N1,469.97 recorded at the close […]