Forex crisis: Traders lose as naira rebounds to 720/dollar

Naira Slumps, Hits New Low at Black Market

Naira Slumps, Hits New Low Black Market

Naira has fallen significantly against the U.S dollar as the current exchange rate with the U.S dollar at N562.00 per $1 as on Wednesday’.

As reported by PREMIUM TIMES, it means that Naira has devalued at N5.00 or 0.90 from the amount traded on Tuesday which was N557.00. Information Guide Nigeria

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Although Naira has remained stable against “greenback currency” on Wednesday, the foreign exchange turnover remained unchanged from what was recorded on Tuesday.

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PREMIUM TIMES revealed that on Wednesday, naira closed at N412.06 per $1 at the official window maintaining the same price as on Tuesday.

According to reports, forex turnover remained the same at $175.10 million recorded at the spot market on Tuesday and Wednesday. JAMB Result

Check and Confirm: How much is Dollar to Naira today

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