FMDQ

Good News For Investors As Naira Rises Again - Report

Naira Crashlands As It Hits ₦430 From ₦422.71 Per Dollar

Things do not seem to be looking upwards for the Nigerian Naira as it has continued to crashland after it recorded another massive fall in the official market on Tuesday, while losing 0.9 per cent to the dollar.

FMDQ had already published data at the beginning of trading on Tuesday showed that the Nigerian Currency opened at ₦422.71 but closed at ₦430.00 to a dollar at the end of the trading window for the day, which came out to be representing a ₦4.25 or 0.99 per cent devaluation from ₦425.75 recorded in the previous market day.

Read Also: Deeper Waters