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Naira Crashes to N1,510/$1 at Official Market, N1,520/$1 at Black Market

Naira at P2P Market

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By Adedapo Adesanya In yet another negative outcome, the Naira slid by 0.15 per cent or N2.27 on the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday to N1,510.10/$1 compared with the preceding trading session’s N1,507.83/$1. Equally, the Nigerian Naira further weakened against the Pound Sterling in the official market yesterday by N4.43 to sell for N1,906.38/£1 compared with the previous day’s N1,901.95/£1 and depreciated against the Euro by N4.30 to close at N1,609.97/€1, in contrast to Wednesday’s value of N1,605.67/€1. Data from the FMDQ Securities Exchange indicated that the forex turnover for the session significantly

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