Business
Just in: Exchange rate hits all-time low of N1,152 at P2P, N999/$1 at NAFEM
The exchange rate between the naira and dollar hit an all-time low of N999/$1 during trading on October 19th, 2023.
This is according to intra-trading data from the FMDQ where forex is sold officially via the NAFEM.
READ ALSO: Just in: Naira hits N1100/$1 at parallel market
Sources indicate this is the current intra-day high and could close lower when the market closes later in the afternoon.
Meanwhile, early afternoon trading on the black market P2P where forex is traded unofficially via cryptocurrency indicates the exchange rate is being quoted for N1,152/$1, suggesting the exchange rate is continuing with its steady decline.
As of Tuesday, the naira had plummeted to N1,100 to the dollar on the parallel market, while it fell to N790 per dollar on the official market.
-
Health1 week agoSenate hearing set to review research on COVID-19 vaccines, cancer concerns
-
Crime6 days agoLASU student dies after armed robbery attack
-
Featured6 days agoOsun APC counters Adeleke over security drone dispute, urges public to ignore allegations against Oyetola
-
Latest1 week ago2027: North will back Tinubu’s re-election bid, says ex-ACF Secretary-General
-
Politics6 days agoEmeka Ike reacts to alleged INEC-linked data breach
-
Comments and Issues1 week agoDay Ibori stormed Asaba for Oborevwori’s third anniversary
-
Football6 days agoArsenal confirm departure of 15 players ahead of summer exit
-
Politics6 days agoFour PDP reps from Bauchi defect to APM, cite internal party crisis