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Naira Plummets 5.84% to New Low of N1,649/$1 at Official Market

Official FX Market

By Adedapo Adesanya The Naira depreciated against the US Dollar by N91.01 or 5.84 per cent in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, September 12 to finish at a new low of N1,649.76/$1 compared with the previous day’s N1,558.75/$1, according to data obtained from the FMDQ Securities Exchange. This sharp decline in […]

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