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Boxing Day Blues: Nigerians Depressed As Dollar, Pounds, And Other Major Currencies Deliver A Knockout Punch To The Naira – New Rates Ignite Concern
Boxing Day Blues: Nigerians Depressed As Dollar, Pounds, And Other Major Currencies Deliver A Knockout Punch To The Naira – New Rates Ignite Concern....KINDLY READ THE FULL STORY HERE▶
Written By Oshiobugie John
On Boxing Day, Nigerians find themselves grappling with a wave of economic distress as the exchange rates for the Dollar, Pound, and other major currencies strike a severe blow to the Naira. CONTINUE READING
Despite recent gains in value against major international currencies over the past few days, attributed to FX inflow from Nigerians residing in the diaspora returning for the holidays, today’s performance marks a surprising dip in the Naira’s strength.
The updated exchange rates depict the altered landscape:
- 1 USD >>>>> ₦1,174.307
- 1 GBP >>>>> ₦1,463.797
- 1 EUR >>>>> ₦1,251.109
- 1 CAD >>>>> ₦869.474
The financial downturn, coupled with the depreciation of the Naira against international currencies, adds a somber tone to the festive season, leaving many Nigerians grappling with economic uncertainties.
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