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Home ยป Naira depreciates against US Dollar as forex fluctuation persists
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Naira depreciates against US Dollar as forex fluctuation persists

OsunDailyBy OsunDailyNovember 17, 2023No Comments1 Min Read
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Naira slumps to N1,025/$ as forex crisis worsens
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Foreign exchange fluctuation is yet to end as the Naira depreciated against the US Dollar at the FX market on Thursday.

Official data from FMDQ showed that the countryโ€™s currency dropped to N841.14 against the Dollar on Thursday compared to N818 on Wednesday.

The figure represents a depreciation of N23.14 compared to the exchange rate on the previous day.

Meanwhile, a Bureau De Change operator in Wuse Zone 4, Abuja, Dayyabu Mistila, said he sold at N1140 and bought at N1125 on Friday morning.

DAILY POST reported that the Naira recorded a N31.23 gain on Wednesday despite a rise in inflation in October in Nigeria.


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depreciates dollar fluctuation Forex Naira Persists
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