Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,172,838 members, 7,886,240 topics. Date: Thursday, 11 July 2024 at 06:31 AM

How Naira Collapsed Before Pounds And Dollars - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / How Naira Collapsed Before Pounds And Dollars (119 Views)

How Naira Devaluation Triggers $3.6 Billion Loss For Aliko Dangote / Buy RMB And Dollars At The Best Rate 08134669445 / Tony Elumelu Reacts To Lagos Collapsed School Building (2) (3) (4)

(1) (Reply)

How Naira Collapsed Before Pounds And Dollars by tonyluyi1985: 6:29am On Sep 03, 2021
According to Punch Newspapers, the naira plunged to a fresh record low against the dollar, the British pound sterling and euro on Thursday amid the lingering scarcity of foreign exchange in Nigeria.
The value of the naira fell against the US currency on at both the parallel market and the Investors’ and Exporters’ foreign exchange window.
The local currency, which stood at 526/$1 on Tuesday, fell to 530/$1 at the parallel market on Thursday from 528/$1 on Wednesday.
The naira dipped to 720 against the pound at the parallel market from 717/£1 on Wednesday, while the euro rose to N620 from N616 on Wednesday.
At the I&E window, the naira weakened further to 411.67/$1 on Thursday from 411.50/$1 on Wednesday, according to FMDQ Group.

Source: https://theventrepublic.com/2021/09/03/how-naira-collapsed-before-pounds-and-dollars/
Re: How Naira Collapsed Before Pounds And Dollars by Bigredmachine: 6:41am On Sep 03, 2021

(1) (Reply)

Mondaymotivation #happy New Week / Entrepreneur Spotlight / How To Get 5 Star Reviews (3)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 5
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.