The Naira is on its way to recovery shortly after the Central Bank of Nigeria granted banks and other financial institutions the freedom to trade forex at market-determined rates.
Naira was initially quoted between N750 and N755 per dollar before appreciating to close at N664.04 to the greenback.
Data from FMDQ OTC Securities Exchange showed that Naira opened at N471.67 to the dollar, depreciating to N755 after the float, then recovering to N664.04 at the close of business.
The closing rate represents a day-on-day depreciation of 40.8 percent from the N471.67 traded at the I&E window on Tuesday, June 13.
Related: MUSIC: Peruzzi ft. ODUMODUBLVCK – Nsogbu
Last updated: Just Now
See All Latest Nigerian Music Right Now!!!
Share On:
Top 10 Hottest Songs
Nigerian / African Music Darkoo – Solar ft. Ruger
Nigerian / African Music Angélique Kidjo – Aye Kan (Are You Coming Back?) ft. Ayra Starr
Nigerian / African Music Jeriq – WINNER
Nigerian / African Music ZerryDL – Igho
Nigerian / African Music ZerryDL – Stack ft. Jenerall, Tega Boi DC
Nigerian / African Music Black Sherif – PopStar
Nigerian / African Music DJ Big N – I Like To Party ft. Phyno
Nigerian / African Music Boy Spyce – Arise ft. Falz
Nigerian / African Music Evado – Thankful ft. Jeriq
Nigerian / African Music Evado – Chisom ft. DanDizzy