The United States dollar witnessed a sharp decline against the Nigerian naira on the Binance cryptocurrency platform, stirring waves of concern among traders and regulatory authorities alike. Data sourced from Nairametrics reveals a significant drop, with the dollar trading as low as N1,415/$1, a stark contrast to its previous position at N1,606/$1, all within a mere 24-hour span. As of the latest update, the exchange rate stands at N1,458/$1, reflecting the volatile nature of the market.

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