Naira Crashes Above N1,600 Against US Dollar in Official, Black Markets
==========

Nigerian naira depreciated to N1,606/$1 in the official market on August 28, 2024; this represents a 0.86% decline from N1,594.27/$1 the previous day; naira remains stable at N1,615/$1 in the black market; CBN's interventions have not halted the naira's decline; FX transactions increased by 5.1% to $160.94 million; naira also fell against the pound to N2,116.69/£1 and against the euro to N1,782.62/€1; concerns persist over high seasonal demand for forex.

#Naira #Dollar #ExchangeRate #Cbn #Forex #Nigeria #Economy #Depreciation #BlackMarket #FinancialNews

https://www.legit.ng/business-economy/money/1610958-new-exchange-rate-naira-crashes-n1600-dollar/ 

 nostr:note1k8l8fztjzvfz8nkjqdp3h0r698tepscctjqyes5r00f6msanq2xs6nylzu