See the Current Value of Naira to Dollar, Today 26th of July
See the Current Value of Naira to Dollar, Today 26th of July
Dollar-to-Naira Exchange Rate Reaches N1,603.80 on Official FX Market
On Thursday, the naira surpassed the N1,600 threshold against the dollar in the official foreign exchange market.
According to FMDQ data, the naira depreciated to N1,603.80 per dollar on Thursday, down from N1,586.71 on Wednesday, marking a N17 loss.
In the black market, the naira also fell further to N1,593 per dollar on Thursday, compared to N1,585 on Wednesday.
Data from both official and parallel foreign exchange markets indicate a continued decline of the naira against the dollar and other foreign currencies.
FIRST CLASS GISTS reports that this marks the fourth consecutive depreciation of the naira against the dollar, despite the Central Bank of Nigeria’s intervention last week.
This situation persists even after the CBN sold $106.5 million FX to authorized dealers last Thursday and Friday amid a surge in demand.
TRENDING SONGS
NPMA Appeals to Nigerian Government for Compensation After Lagos Market Fire
Rest Every Four Hours, FRSC Issues Safety Guide for Fasting Motorists
NNPC Boss Ojulari Bags UK Energy Institute Fellowship
Shock in Anambra: Bride Disappears Moments Before Wedding
Nigerian Woman Returns ₦330 Million Accidentally Credited to Her Account
APC Don Reach Morocco?’ VeryDarkMan Reacts to Seyi Tinubu Poster
Bride Breaks Down in Tears as Wedding Meals Were Kept Secretly While Guests Go Home Hungry
Odogwu by Day, Robber by Night: How Marriage Joy Turned Into Tragedy
Nigerian Officials Allegedly Pocket N4–6B Weekly Through Smuggling Cartels at Seme–Badagry Border
Ahmad Yerima: Naval Officer to Face No Sanctions After Clash with Wike – Matawalle
Share this post with your friends on 
