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Naira falls heavily against dollar at official market

by blank on August 12, 2022 • 12:06 am103
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The Nigerian currency, Naira, depreciated heavily against the United States dollars at the official market on Thursday.

After trading activities on Thursday, Data from FMDQ Securities showed that Naira exchanged for the US dollar at N430.25.

This was a N1.5 or 0.34 percent loss when compared to the N428.75 for the last two days.

During the day’s trade, Naira was exchanged for N444/$ dollar.

READ ALSO: Naira falls heavily against dollar at official market

Naira’s poor performance is largely driven by low forex supply to the market.

FMDQ reports that traders exchanged $58.39 million on Thursday compared to $113. 64 million traded on Tuesday.

The post Naira falls heavily against dollar at official market appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.


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103 Comments Drop a Comment
  1. Modupe

    - Aug 14, 2022 at 4:51 pm

    Thanks for the news

  2. Johnmilk

    - Aug 14, 2022 at 3:16 pm

    good by good of with you mad

  3. Mpah

    - Aug 12, 2022 at 8:18 pm

    Thanks for the news

  4. Emmynaija

    - Aug 12, 2022 at 5:55 pm

    Our naira is very poor in the market!

  5. Seun4life

    - Aug 12, 2022 at 8:16 am

    True , Nigerian currency has no value

  6. Repskid

    - Aug 12, 2022 at 8:06 am

    Confirm ☑️

  7. Anaebo chinenye vivian

    - Aug 12, 2022 at 6:26 am

    Gggvbhhnhvg

  8. Farao

    - Aug 12, 2022 at 4:51 am

    I feel disappointment, why should naira be falling

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