Hot Stories

Shaun Shares Video Of First Encounter With Wanni X Handi Before Meeting In Big Brother House

Bayelsa Youths Confront Fred Agbedi Who Has Spent 32 Years In Office (Video)

Portable Replies Salo For Wishing Him Death (Video)

Singer, Spyro Announces Free Wedding Performances For Five Lucky Couples

Two Igbo Muslims Among Five Imams Appointed By NSCIA For National Mosque

Rita Edochie Angrily Reacts to Death Rumors About Osita Iheme

Ogbebor Land Revocation: I Did Not Threaten Wike’s Life – VeryDarkMan Cries Out

Ebuka Songs Rewards Akpororo’s Kindness With N1Million (Video)

I Couldn't Walk After I Woke From Coma - Jamie Foxx Speaks On Battle With Brain Bleed

Mercy Johnson Okojie Celebrates Her Daughter, Angel, As She Turns 9 (Photos)

BREAKING: Nigeria’s National Grid Collapses For 12th Time In 2024

Allied Air Cargo Aircraft Crash Lands in Abuja

How Ibrahim Chatta Helped Me After Facing Rejections – Actress, Biola Bayo Reveals

Senate President, Godswill Akpabio’s Aide Goofs As He ‘Congratulates’ Akwa Ibom State Governor Over Wife's Death (Video)

Why I Stopped Smoking – Bella Shmurda

Man Slumps And Dies While Working On His Farm In FCT

Nkechi Blessing Sends Controversial Relationship Advice to Men

Destiny Etiko And Lizzy Gold Unfollow Each Other On Instagram

Regina Daniel's Certificate Still Bears Her Maiden Names Despite Being Married To An Odogwu - Lady Slams Women Who Discard Their Maiden Names

Why I Prefer Younger Men – Actress Adaku

Naira Falls to N2,000/1£ at Parallel Market

Posted by Thandiubani on Mon 19th Feb, 2024 - tori.ng

Malam Ibrahim, a Bureau de Change operator in Wuse Zone 4, verified the rates on Monday, February 19.

Nigeria's currency, the naira has depreciated against the pound at the parallel market.

TheNation reported that the local currency is currently trading at over 2,000 Naira against the British pound.

Malam Ibrahim, a Bureau de Change operator in Wuse Zone 4, verified the rates on Monday, February 19.

He said: “Yes it is true, we are currently selling above N2,000 for the pounds and it is still about the heavy and consistent demand for these currencies.”

According to the Punch, the new rate increased from N1,930 recorded on Saturday and is currently the lowest point in the historical performance of the naira.

In a similar vein, the naira lost value about the dollar on the parallel FX market, where it is now unofficially trading at N1,673 from N1,670/$ on Friday.