The exchange rate between the naira and dollar fell to N1,100 on the black market according to traders who sell forex per inflow.
Nairametrics obtained this morning quotes from select traders who confirmed quotes between N1,100-N1,110 for inflow. Inflows are forex transactions sold or bought over the wires.
The exchange rate at the official Nigerian Forex Market fell to the lowest ever point of N848/$1 on Tuesday marking a turning point in Nigeria’s exchange rate crisis.
This is a developing story….
READ TODAY’S GISTS SO FAR:
- SSS to arraign El-Rufai on Wednesday for cybercrime, national security breach
- Photos Emerge Of Women Abducted In Niger Community Bandit Attack
- Naira slumps, drops N6 against dollar in official market
- Police set to arrest and Prosecute Mirabel over alleged false Rape claim
- Enugu Police Raid Criminal Hideouts, Arrest 15 Suspects, Recover Firearm, Drugs
- Oil workers: Job losses loom over Tinubu’s executive order
- BREAKING: Another Kano market on fire
- 117 repentant terrorists complete rehabilitation programme
- American woman, 64, breaks down as U.S. consulars mock, deny visa to 27-year-old Nigerian ‘fiancé’
- Nigerian Navy’s Chief of Operations, Rear Admiral Katagum dies in Egypt
- Another PDP Candidate Withdraws From FCT Council Polls, Backs APC
- Fresh tension in Nigeria’s political space as ADC chieftain alleges a plot to arrest Rotimi Amaechi
- Super Eagles Coach Eric Chelle Demands 24-Hour Electricity, $130,000 Monthly Salary From Nigerian Govt In Proposed Contract
- Rivers: Senator Barinada Mpigi dies at 64
- Kano Islamic Police Arrest Nine For Eating In Public During Ramadan Fast
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