Connect with us

Hi, what are you looking for?

Business

See New Figure As Naira Crashes Further Against Dollar

Dollar To Naira Exchange Rate For Today 22 May 2024
Naira crashed massively on Wednesday as Dollar continued to gain.

Gatekeepers News reports that Nigeria’s local currency which fell about two weeks ago to ₦748/$ at the black market, fell further on Wednesday, May 24, 2023, to ₦765 and is currently trading at that price.

The development comes as Nigeria prepares to swear in a new leader, Bola Tinubu on May 29, 2023.

Meanwhile, the official rate according to the data released on the FMDQ Security Exchange the official forex trading portal showed that the Naira opened at ₦464.10 per dollar on Tuesday, May 23, 2023, and closed at ₦464.42 per $1 on Tuesday, May 23, 2023.

Even though the dollar opened in the parallel market for ₦765 per $1, the CBN does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

You May Also Like

Business

Find below, the Dollar to Naira exchange rate for today, 22 May 2024. Gatekeepers News has obtained the official dollar to the naira exchange rate in...

Business

Find below, the Dollar to Naira exchange rate for today, 21 May 2024. Gatekeepers News has obtained the official dollar to the naira exchange rate in...

Entertainment

Former Big Brother Naija housemate, Kate Jones better known as Ka3na has revealed that she made $900 million while sleeping. Gatekeepers News reports that...

Business

Find below, the Dollar to Naira exchange rate for today, 20 May 2024. Gatekeepers News has obtained the official dollar to the naira exchange rate in Nigeria...