The naira slumped massively against the dollar on Friday, February 23, 2024 as the local currency declined to N1, 665.31/$1 data from the Nigerian Autonomous Foreign Exchange Market (Window where forex is traded officially has shown.>>>READ FULL ARTICLE HERE
This represents a loss of N94.19 when compared to the N1,571.31/$1 it traded on Thursday.
The intraday high recorded was N1,805/$1, while the intraday low was N1,301/$1, representing a wide spread of N498/$1.
However, the naira appreciated massively against the dollar at the parallel market hovering at N1,800/$1 same rate it traded the previous day.
Similarly, the naira also appreciated against the British Pound to trade at N2,100/£1 as against the previous trading day’s price of N2,260/£1. This represents an appreciation of N160.
The naira also closed flat against the Canadian dollar to trade at N1,270/CA$1, same as the previous trading day’s rate.
The Euro however shed N60 against the naira to trade at ₦1,900/€1 as against the previous closing price of ₦1,960/€1 on Thursday, February 22, 2024.>>>READ FULL ARTICLE HERE
