Naira depreciates against Dollar over forex scarcity

Naira slumped against the Dollar on Wednesday after closing at 950/$ at the parallel market as the forex crisis persists.

Ahmez Gazali, a Bureau De Change Operator in Wuse Zone 4 Abuja, confirmed the figure to Media Talk Africa on Thursday morning.

Meanwhile, at the official market, the Naira closed at 758.12/$1 on Wednesday from N742.10/$1 on Tuesday, according to FMDQ forex data.

Last week, the Acting Governor of the Central Bank of Nigeria promised to clear the backlog of forex within two weeks.

Media Talk Africa recalls that on June 14, the apex bank floated the Naira at the forex market; however, the country’s currency continued to fluctuate despite the move.

You may also like

Recent News

Chad France relations improve as presidents meet

Microsoft Shares Slide As AI Spending Surges • Channels Television

Microsoft AI spending surges

Naira records N7.7 gain against US dollar in first week of 2026

Naira gains against dollar for third day

Nigerian Govt increases retirees' monthly pension by 1.173% after 21 years

Nigeria Pension Increment: NSITF Retirees Get 1173 Percent Raise

Scroll to Top