Naira depreciates to a record low against the Dollar

Nigerian currency, the Naira has plummeted to a record low, depreciating by N72.58 in value against the US dollar in July 2024. According to the FMDQ financial market report, the average exchange rate stood at 1,560.32 Naira per dollar, a 4.88% increase from the previous month. The foreign exchange market turnover also surged to $7.39 […]

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