Business
Tuesday Update: Naira Hits New Low, Trades At Unprecedented Rates
Tuesday Update: Naira Hits New Low, Trades At Unprecedented Rates ....KINDLY READ THE FULL STORY HERE▶
Written By Oshiobugie John
In a significant economic development, the Nigerian national currency, the Naira, has undergone a notable devaluation against major foreign currencies, including the US Dollar. This devaluation is linked to recent economic reforms introduced during President Tinubu’s tenure. CONTINUE READING
Despite challenges faced by the US Dollar, the Naira has experienced a substantial depreciation, with the current exchange rates reported as follows:
- 1 USD >>>>> ₦1,229.389
- 1 GBP >>>>> ₦1,506.750
- 1 EUR >>>>> ₦1,287.821
- 1 CAD >>>>> ₦906.316
It is noteworthy that the Naira has not traded at this low against the US Dollar for weeks.
This concerning devaluation prompts apprehensions about its potential impact on the economy and the purchasing power of Nigerian citizens. For comprehensive coverage and updates on this evolving financial situation, stay tuned to our reports.
Source: Bushradiogist
Breaking: Federal Government Of Nigeria Bans Cement Importation, Releases Full List Of Restricted Goods
Confusion Over UTME Results Delay As JAMB Finally Reacts
Breaking: Shekarau Dumps PDP, Sparks Fresh Political Realignment In Kano
Emotional Revelation: Mohbad’s Father Speaks On Strained Relationship With Late Son’s Widow
Sh*cking Twist: Legal Review Finds No Link Between Saraki And Offa Robbery
Abba Kabir Yusuf Declares: ‘I Am APC Leader In Kano, Ganduje Can’t Give Me Orders
Here’s What Happened” — Ex-Army Chief Buratai Speaks On Borno Airstrike Tragedy
Succession Buzz: Olusi Reveals Who May Replace Sanwo-Olu In 2027
Amaechi Sparks Debate: Atiku’s Electoral Strength May Be Confined To The North