News
Naira-Dollar Exchange Rate Falls To N1,040 In Parallel Market
The exchange rate between the naira and the dollar has dropped to N1,040 in the parallel market.
The ongoing trend of demand surpassing supply seems to be a contributing factor. Forex traders report inflow quotes ranging from N1,035 to N1,045 per dollar, indicating heightened scarcity, Nairametrics reports Wednesday night.
Despite this, the official trade rate remains at N776.8/$1, highlighting a notable disparity between the experiences of Nigerians in official and unofficial channels.
-
News4 days agoResidents Commend Olorunda LG Over Road Grading
-
News4 days agoJUST IN: Amotekun Storms Kidnappers’ Hideouts, Rescues Five Victims In Ondo
-
News2 days agoAPC Convention: Osun APC Elders Congratulate Basiru On His Re-election
-
News3 days agoEncomium As Osun House Of Assembly Aspirant Empowers 450 Farmers, Housewives To Support APC’s Oyebamiji