The Nigerian naira has experienced further depreciation, closing at N1,603.80/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Thursday, July 25, 2024. This marks the lowest level for the naira since March 14, 2024, when it traded at N1,608.98/$1, breaking through the N1,600 ceiling.

According to data from the FMDQ Securities Exchange, the naira depreciated by 1.07% from N1,586.71/$1 recorded the previous day. The local currency traded at a high of N1,620/$1 and a low of N1,519/$1 amid significant demand pressure.

https://ratecaptain.com/naira-hits-four-month-low-closes-at-n1603-80-1-amid-demand-pressure/

Thats not to say the president is not trying. To be honest, with his pedigree for destruction of anything good, I was thinking naira will be 6,000 usd by now. We shouldn't protest against this government, the man is not as bad as we thought.

vanbonattel:
Thats not to say the president is not trying. To be honest, with his pedigree for destruction of anything good, I was thinking naira will be 6,000 usd by now. We shouldn't protest against this government, the man is not as bad as we thought.

Scarsm spot

Before we reach December, Naira per dollar will reach #2k per $