Connect with us

The Naira Hits New Low as Exchange Rate Pops to N760/$1


Published By

Naira Weakens to N760$1 at Black Market, N770$1 at P2P

The naira weakened further against the US Dollar at multiple rate points on Thursday.

At the Investor & Exporters window, the naira dropped by N0.50 or 0.11% to close at N462/$1 while in the P2P and black markets the domestic currency closed at respective values of N770/$1 and N760/$1 which were lower than previous day’s rates.

Daily turnover at FMDQ Securities Exchange decreased by 22.1 percent to $69.72 million compared to $89.54 million recorded in the previous session.

In addition, President Muhammadu Buhari recently announced that old 200 naira banknotes will still be accepted for 60 days along with new 500 and 1000 naira notes but some state governors disagreed with this stipulation urging banks and businesses to continue using old legal tender.

The cryptocurrency market saw most currencies slide on Thursday with Bitcoin, Ethereum, Solana, Binance Coin, Cardano, Dogecoin, Ripple and Litecoin all recording losses while both USDT & BUSD traded unchanged at a rate of $1 each.

Here Is The Easy Money-Making Trick Everyone Is Talking About! Learn More Here!

Continue Reading
Join The Conversation

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



Entertainment6 hours ago

Funke Akindele advises her followers to never change

Celebrating  the atmosphere of a new Month, Nollywood actress  queen Funke Akindele shared a stirring message with her followers on...

Entertainment6 hours ago

Ifeoma Ivy, Paul’s Okoye’s Girlfriend Blow Hot on internet users

Ifeoma Ivy, a model and Paul Okoye’s girlfriend, has taken offence at those who have congratulated her on her alleged...

Entertainment7 hours ago

Portable releases official statement after his arrest

Controversial Street Singer, Habeeb Okikiola also known as Portable has released his official statement concerning his arrest. According to the...

Entertainment8 hours ago

‘Timeless’, Davido’s new Album breaks more records

With his new album, Nigerian musician David Adeleke, also known as Davido, has smashed records. To claim the honour of...

Entertainment9 hours ago

Charly Boy reveals how God cured his Prostrate cancer

Legendary Nigerian entertainer Chukwuemeka Oputa, well known by his stage as Charly Boy, has opened up about overcoming prostrate cancer....

Entertainment12 hours ago

BBnaija star, Nengi warns critics from asking her questions about her relationship

Nengi, a BBNaija star, has begged internet users to refrain from asking her about her upcoming engagement to Ozo. It...

Entertainment12 hours ago

Jaruma-“I charge #1m for a face-to-face consultation”

A controversial aphrodisiac seller named Hauwa Mohammed, popularly known as Jaruma, has acknowledged that she charges N1 million for one-on-one...