Nigerians Panic As Dollar Trades Above ₦1,500 As President Tinubu’s Administration Fails To Deliver The Dividends Of Democracy Almost One Year In Office- See Other Rates 

Nigerians Panic As Dollar Trades Above ₦1,500 As President Tinubu’s Administration Fails To Deliver The Dividends Of Democracy Almost One Year In Office- See Other Rates ....KINDLY READ THE FULL STORY HERE▶

Written By Oshiobugie John

Nigeria is currently gripped by panic as the nation’s currency continues its downward spiral against major foreign counterparts, reaching unprecedented levels in the past two weeks.

Despite President Tinubu’s administration implementing measures such as banning the Naira on all cryptocurrency platforms, including Binance, in a bid to stabilize its value, the Naira has shown no signs of recovery. READ THE FULL ARTICLE HERE

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In a concerted effort to bolster the Naira’s value, the government has cracked down on Bureau De Change (BDC) operators nationwide and implemented various monetary policies. However, these measures have failed to yield the desired results.

Since President Tinubu assumed office over a year ago, the Naira’s value has plummeted drastically, with the dollar’s exchange rate skyrocketing from over 500 to ₦1,500, reflecting a significant decline in the purchasing power of the Naira.

As anxiety grips the nation, here are the latest exchange rates:

• 1 USD ⇛ ₦1,503.718
• 1 GBP ⇛ ₦1,851.413
• 1 EUR ⇛ ₦1,620.832
• 1 CAD ⇛ ₦1,090.643

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