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Headline : Naira crashes, trades at N1,416/$1 at official window

Read more from the original article on here at www.ripplesnigeria.com.






Tags : #naira #crashes #trades #n14161 #official #window


No. of Paragraph 36

The Nigerian currency, the naira, reversed the gains recorded on Monday, May 6, 2024 to crash to N1, 416/$1 on Tuesday, May 7, 2024 data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) has shown.

At the end of trading on Tuesday, the naira lost N62.36 against the dollar when compared to the previous exchange rate of N1, 354.21/$1 on Monday, May 6, 2024.

The intra-day high and low recorded during the day were N1,441/$1 and N1,301 /$1 respectively, representing a lean spread of N144\$1.

Similarly, the naira lost against the dollar at the parallel section of the market to trade at N1,445/$1 representing a loss of N10 when compared to the N1,435/$1 it traded the previous trading day.

Read more from the original article on here at www.ripplesnigeria.com.


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