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Naira Crashes to N773.25/$1 at Investors and Exporters Window

Naira was further dealt a heavy blow at the Investors and Exporters (I&E) arm of the foreign exchange (FX) market on Monday, September 25, though it maintained stability against the United States Dollar in the parallel market.….CONTINUE READING>>>>>

In the official market, the Naira lost 3.41 per cent or N25.49 against the greenback to finish at N773.25/$1 compared with last Friday’s closing rate of N747.76/$1, as the value of forex transactions went down by 58.3 per cent or $64.14 million to $89.61 million from $153.75 million.

In the black market, the domestic currency maintained its stability against the Dollar yesterday, closing flat at N993/$1.….CONTINUE READING>>>>>

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