NEWS LEAKS AGENCY - NIGERIA NEWS TODAY & Breaking News | Naija News Today

Naira crashes again, trades at N1,459/$1 at official window

Get real time updates directly on you device, subscribe now.

Naira crashes again, trades at N1,459/$1 at official window

The Nigerian currency, the naira, continued its depreciation on Thursday May 9, 2024 to further slump to N1,459/$1 data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) has shown.

https://g.co/kgs/vku4Tzz

At the end of trading on Thursday, the naira lost N38 against the dollar when compared to the previous exchange rate of N1,421/$1 on Tuesday, May 7, 2024.

The intra-day high and low recorded during the day were N1,465/$1 and N1,351/$1 respectively, representing a lean spread of N114\$1.

Similarly, the naira lost against the dollar at the parallel section of the market to trade at N1,455/$1 representing a loss of N5 when compared to the N1,450/$1 it traded the previous trading day.

Contrastingly, the naira gained N20 against the pound. The domestic currency appreciated by N20 against the British Pound to trade at N1,820\£1 as against the previous trading price of N1,840/£1 representing a gain of N20 for the local currency,

The Canadian dollar however closed flat against the naira to trade at N1,000| CA$1 same as the previous trading day rate.

The naira appreciated against the Euro to trade at ₦1,525/€1 as against the rate of ₦1,540/€1 the previous trading rate this represents a gain of N15 in the local currency.

By: Babajide Okeowo

Get real time updates directly on you device, subscribe now.

Comments are closed.