Naira records all-time fall against dollar at official market as foreign reserves
Naira, Nigeria’s legal tender on Friday, 23 December 2022, recorded an all-time depreciation against the dollar at the official market known as the Investors and Exporters (I&E) forex window.
This happened as more Nigerians, importers continue to demand dollars for their holiday travels, shopping, and business.
Naira’s poor performance happened as most foreign exchange market dealers who participated in the auction on Friday maintained bids at N440.00(low) and N452.00(high).
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While Naira Rates is reporting that at the parallel market on Friday, 23 December 2022, also known as the black market, the naira exchanged at N735.21 to a dollar, IsL source Native Reporters learnt