See how Naira Falls Sharply Against the Dollar Following Fuel Price Increase
See how Naira Falls Sharply Against the Dollar Following Fuel Price Increase
Naira and Dollar
The naira experienced a sharp decline against the dollar on the foreign exchange market following a new hike in petrol prices in Nigeria.
According to FMDQ data, the naira depreciated to ₦1611.34 per dollar on Tuesday, down from ₦1585.77 on Monday, marking a loss of ₦25.57.
In the black market, the naira also fell by ₦10, closing at ₦1640 per dollar on Tuesday.
This decline coincided with an increase in foreign exchange transaction volume, which surged to $206.61 million on Tuesday, up from $71.18 million the previous day.
Additionally, FIRST CLASS GISTS reported that the price of petrol at the Nigerian National Petroleum Company Limited rose to ₦885 per litre from ₦617.
TRENDING SONGS
Trending Video: Muslim Man Joins Wife in Hallelujah Challenge ‘Dress Like Your Miracle’ Night
Woman Seeks Advice as Late Brother’s Wife Refuses to Mourn Him Following His Death With Alleged Mistress
Nobody Cares About Fine Girls In The UK, I Miss Nigeria — Nigerian Lady Laments
Wedding Called Off: How Lady Cancels Wedding After Finding Out Finance’s Affairs With Her Bestie
Heartbreak in Ikeja: Lady Weeps After Fufu Found in New Phone Package
Twist of Fate: Man Who Questioned Phyna’s ₦1Billion Demand Mourns Brother in Dangote Truck Crash
Tragedy in Enugu: Dangote Truck Claims Lives of Family of Five
Bangkok Crackdown: Nigerian-Thai Couple in Police Net Over Drug Trafficking
Family Rift: Reno Omokri’s Ex-Wife Says He Deserted Their Special Needs Son
The Man Who Sent Money for Two Decades, Only to Return to an Empty Shell
Share this post with your friends on 
