Naira Records Highest Depreciation Against Dollar in 48 hours The naira endured its extenuation against the dollar across alien alternate markets for the fourth continued time.
This comes as the Naira fall to N1,554.85 per dollar from N1,543.91 on Wednesday, according to the Central Bank of Nigeria’s reciprocate rate date on Thursday.
Thursday’s contraction at the official market is the highest drop in the past 48 hours as it dipped by N10.92 against the dollar.
Similarly, the Naira weakened to N1,590 per dollar mark on Thursday at the black market.
This is N5 shortening on a day-to-day basis when compared to the N1585 per dollar reciprocate rate at the parallel market the previous day.
The Round Table discloses that since this week kicked off, the Naira has been on a decrease streak.
The development showed that Naira is fast undoing past months appreciation and stability record against the dollar despite the Central Bank of Nigeria’s policy interventions.
Category: World-News
Tag: Naira Records Highest Depreciation Against Dollar in 48 hours
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Published 3/14/2025