Naira Falls to N1,641/$1 at NAFEM, N1,700/$1 at Black Market |

Oct. 13, 2024 - Business Post Nigeria

By Adedapo AdesanyaThe Naira ended the last trading session of the week at the Nigerian Autonomous Foreign Exchange Market (NAFEX) on a negative note on Friday, October 11. It lost 1.

15 per cent or N18.70 against the United States Dollar yesterday to close at N1,641.

27/$1 compared with Thursday’s closing price of N1,622.57/$1.

ADVERTISEMENTHowever, its value remained unchanged against the Pound Sterling and the Euro in the spot market on Friday at N2,126.26/£1 and N1,772.

69/€1, respectively. A look at the black market showed that the local currency weakened against the greenback on Friday by N5 to finish at N1,700/$1 compared with the previous day’s N1,695/$1.

On the flip side, Ripple (XRP) depreciated by 0.2 per cent to finish at $0.

5381, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.

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