Naira in free fall exchanges at N600 against U.S.D1

Naira in free fall exchanges at N600 against U.S.D1

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Naira in free fall exchanges at N600 against U.S.D1

naira

Indications that the country’s economy may rebound deemed further on Sunday as reports indicates that the Nigerian official currency, the naira has fallen massively against the United States dollar, exchanging at N600/$1, weeks after a steady exchange rate of N583/$1.

Zenith Bank suspends international ATM withdrawals using naira card

A survey conducted by Newsonline Nigeria financial experts at the Bureau De Change (BDC) market in Lagos, Nigeria’s commercial city on Easter Sunday morning, April 17, 2022, showed that the naira to usd exchanged at N600/$1, failing to maintain the N583 position of 1 dollar to naira it stood for weeks after USD to naira exchanged for N530/$1.

Source:Newsonline

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