Main Stories

Naira Continues To Depreciate Against Dollar, See Latest Exchange Rate

Spread the love
< 1 min read

The naira on Monday, 17th October, 2022 exchanged N742/$1 at the black market.


According to Nairametrics, this is according to information from black market operatives it interviewed.

The naira fell against the US dollar by 1.5% from an average of N731/$1 recorded last week Friday. The depreciation of the naira is due to the increased demand for the dollar amidst continuous shortages.

According to Nairalytics’ exchange rate tracker, the rate at N742/$1 is the highest on record, indicating a market differential of N300.62/$1 between the official market and the parallel market.

Admin

Share
Published by
Admin

Recent Posts

BREAKING: THE HATCHET PLAN OF THE ENUGU STATE APC TO TAKE OVER THE WARD POLITICAL STRUCTURE OF PDP AND USURP POWER IN 2027

It is a verifiable fact that the Honorable. Minister for Science and Technology, Chief. Engr.…

1 year ago

Outbreak: Phone accessories dealer commits suicide in Kogi

Two months after inferno ravaged the popularly GSM village in Lokoja, the Kogi State capital,…

1 year ago

Man shot dead in Anambra by policeman over N100

  A police operative attached to Otuocha Area Command, Anambra East Local Government Area of…

1 year ago

‘We can no longer feed’ – FCT residents cry out

Many residents of the Federal Capital Territory, FCT, say they are finding it difficult to…

1 year ago

Reps probe $2bn renewable energy grants, investment in Nigeria, invite stakeholders

Following an investigative hearing on the $2 billion renewable energy grants and investments in Nigeria,…

1 year ago

Court grants 76 #EndBadGovernance protesters N760m bail

Justice Obiora Egwuatu of the Federal High Court in Abuja has granted bail of N10…

1 year ago

This website uses cookies.