Naira Falls to N698/$1 at Black Market

The naira has crashed against the dollar on Thursday, 25th August, 2022.

 

It was gathered that the naira crashed at the black market after exchanging N698/$1 according to information from several black market forex traders, who spoke to Nairametrics.

 

The report stated that the currency fell against the US dollar from N696/$1 recorded on Wednesday to N698/$1 on Thursday, representing a 0.29% depreciation.

 

The exchange rate at the official Investors and Exporters window also depreciated in the last trading session, falling marginally by 0.08% to close at N431/$1 from N430.67/$1 recorded on Tuesday, 23rd August 2022.