The naira slumped marginally against the American dollar at the official foreign exchange market on Wednesday, December 18, 2024......Read The Full Article>>.....Read The Full Article>>
According to data from FMDQ, the naira slumped to N1,544.20/$1, down from N1,544.05/$1 it traded on Tuesday, December 16, 2024.
This represents a marginal loss of N0.15 for the local currency.
However, in the black market, the naira closed at N1,660/$1 as against the N1675/$1 recorded the previous day. This means a gain of N15 against the dollar.
The naira gained N40 against the British Pound to trade at N2,160/£1 as against the previous day’s rate of N2,200\£1.
The naira continues to hold steady against the Canadian Dollar at N1,280/CA$1.
The naira gained N10 against the Euro to trade at ₦1,730/€1 as against the previous day’s rate of ₦1,740/€1.
