Naira on an 8-day depreciation streak, falls again to N1,507.83/$1

The naira has weakened further against the dollar on Wednesday, closing at N1,507.83/$1, based on the latest data from the FMDQ, which manages the NAFEM window where currencies are officially traded. Throughout June, the exchange rate had been stable, fluctuating between N1,470/$1 and N1,480/$1. However, yesterday marked a significant shift as it breached the N1,500 [...]The post Naira on an 8-day depreciation streak, falls again to N1,507.83/$1 appeared first on National Daily Newspaper.

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