The naira has hit a record low at the parallel market.
The naira traded at N1,415 on Thursday, Jan. 25, a 3.66 percent decline from N1,365 traded on Tuesday, Jan. 23.
Bureau de Change (BDC) operators, put the buying rate of the greenback at N1,400 and the selling price at N1,415.
Meanwhile, on the official market, naira depreciated by 0.41 percent to N882.24 on Wednesday, Jan. 24, from N878.61 on Tuesday.
The development comes after Olayemi Cardoso, governor of the Central Bank of (CBN), said the naira is currently undervalued.
Primate Elijah Ayodele Unveils 94-Page Prophecy for 2025, Makes Striking Predictions About Nigeria’s Political and…
The Senior Special Assistant to President Bola Tinubu on Community Engagement (North Central), Abiodun Essiet,…
The Minister of Information and National Orientation, Mohammed Idris, has warned politicians against linking stampedes…
Tobi Adegboyega, founder of the Salvation Proclaimers Anointed Church (SPAC Nation), has stated that he…
The Independent Petroleum Marketers Association of Nigeria has said that petrol is going to sell…
The former vice president made this disclosure in a statement on Sunday, reacting to the…
