Naira crashes to N1,561 at official exchange rate window

The naira depreciated significantly at the Nigerian Autonomous Foreign Exchange Market window, closing at N1,561.98/$1 on Wednesday, July 10, 2024. The naira fell 2% from the previous day’s rate of N1,532.58/$1, According to FMDQ data. This is the lowest since March 18, 2024, when it was N1,597.25/$1, as the naira approaches N1,600 less than three […]