On October 15, 2024, the Nigerian naira reached a new record low, closing at N1,700 per dollar in the parallel market, as reported by Bureau de Change (BDC) operators.
This reflects a 0.29% decline from its previous rate of N1,695/$1 recorded on October 11, despite rising crude oil prices exceeding $80 per barrel....Read Full Article [Click Here>]
While the naira weakened in the parallel market, it remained relatively stable in the Investors and Exporters (I&E) window, closing at N1,641.27/$1. However, this still indicates a 1.14% depreciation from the earlier rate of N1,622.57/$1.
