GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Breaking: Naira Falls To All-Time Low Against Dollar, See New Exchange Rate

Enudi Golden by Enudi Golden
January 11, 2024
in business, Featured, Headline, World News
Reading Time: 3 mins read
The Role of Central Bank Intervention in Managing the Dollar to Naira Exchange Rate in Nigeria
12
SHARES
Advertisements

Naira Falls To All-Time Low Against Dollar, See New Exchange Rate below

It has been reported that Naira has dropped to all-time low against dollar.

GoldenNewsNg  reports that Nigeria’s currency, Naira, extended its decline on Monday, September 27, sliding to an all-time low of N580 against the United States dollar at the parallel market otherwise known as the black market.

This online news platform understands that the massive drop of the Naira in the black market on Monday, is coming a week and a few days after the Central Bank of Nigeria (CBN) accused abokiFX of being responsible for the sliding of naira against dollar at the parallel market (black market).

READ ALSO

Federal Government TVET Program for Trainers (₦30,000 Support) – Application Guide

Direct Link to Apply for FG NPRGS Initiative Poverty Reduction Program

GoldenNewsNg reports that AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. 

At the time AbokiFX was accused of being responsible for the slide of the Naira against dollar at the parallel market (black market),  report has it that the dollar to naira exchange rate was N570 per $1 at the black market.

GoldenNewsNg reports that the naira exchanged to the dollar at 580 on Monday after it closed with the same rate on Friday, September 24, while the Pound Sterling traded for 780 at the black market.

This online news platform understands that Bureau de Change (BDC) operators bought and sold the naira to dollar at 575 and 580, while the Pound Sterling was bought and sold at 775 and 780.

However, at the I&E forex window, the naira appreciated a bit to 413.30 on Monday, September 27, 2021, according to the data posted on Monday on the FMDQ Security Exchange where forex is officially traded after reached a high of 415.20 to close at 414.90 on Friday, September 24.

Meanwhile, GoldenNewsNg reports that the official website of the Central Bank of Nigeria’s licensed Bureau De Change operators, www.naijabdcs.com, used for the publication of exchange rates of the naira to other currencies, followed www.abokifx.com as it stopped publication of rates.

Disclaimer: GoldenNewsNg  does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured on this Platform.

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Hoodlums set bus carrying foodstuff ablaze for disobeying IPOB sit-at-home order in Enugu

Next Post

Barbers Suffer Under Taliban Rule As Afghans Shun Fashion

Related Posts

Federal Government TVET Program for Trainers (₦30,000 Support) – Application Guide

Federal Government TVET Program for Trainers (₦30,000 Support) – Application Guide

Federal Government TVET Program for Trainers (₦30,000 Support) – Application Guide The Federal Government is taking the TVET Initiative a...

Read moreDetails

Direct Link to Apply for FG NPRGS Initiative Poverty Reduction Program

Apply for FG NPRGS Initiative Poverty Reduction Program

If you've been looking for a solid opportunity to upgrade your skills, earn a living, and break free from poverty,...

Read moreDetails

Direct Link to Apply For FG YouthCred Financial Empowerment 2025

YouthCred Financial Empowerment 2025

The Direct Link to Apply for FG YouthCred Financial Empowerment 2025 can be accessed below..   If you're a young...

Read moreDetails

Direct Link to Apply for FG Consumer Credit Scheme CrediCorp Loan 2025

Direct Link to Apply for FG Consumer Credit Scheme CrediCorp Loan 2025

The Federal Government of Nigeria has officially launched the Consumer Credit Scheme under the Nigeria Consumer Credit Corporation (CrediCorp) to...

Read moreDetails

FG to Empower 400,000 Youth with Consumer Credit from July 2025 – Here’s What You Should Know

FG to Empower 400,000 Youth with Consumer Credit from July 2025 – Here’s What You Should Know

The Federal Government has announced plans to launch a new youth-focused consumer credit scheme that will empower over 400,000 young...

Read moreDetails

NSCDC, Immigration, Fire & Prisons Recruitment 2025: Portal, Requirements & How to Apply

NSCDC, Immigration, Fire & Prisons Service Recruitment Portal 2025

The Federal Government is set to begin another round of recruitment into some of its key paramilitary agencies. These include...

Read moreDetails

FG Extends CEDF Application deadline to June 30, 2025 – Grants, Loans, Equity Funding Still Available for Nigerian – APPLY NOW

FG Extends CEDF Application deadline to June 30, 2025 - Grants, Loans, Equity Funding Still Available for Nigerian - APPLY NOW

The Federal Government of Nigeria has announced an extension of the application deadline for the Creative Economy Development Fund (CEDF)...

Read moreDetails

NNPC/TotalEnergies Scholarship 2025: Fully Funded Opportunity for 100 & 200 Level Undergraduate Students in Nigeria – APPLY HERE 

NNPC/TotalEnergies Scholarship 2025: Fully Funded Opportunity for 100 & 200 Level Undergraduate Students in Nigeria - APPLY HERE 

Are you a Nigerian undergraduate student in your first or second year of study? If yes, there's a golden opportunity...

Read moreDetails

FME TVET Application Portal: Everything You Need to Know to Get ₦45,000 Stipend

FME TVET Application Portal: Everything You Need to Know to Get ₦45,000 Stipend

This Post is a complete breakdown of FME TVET Application Portal 2025, how to apply, and get ₦45,000 Monthly Stipend....

Read moreDetails

Call for Applications: NMFB “Cash Now-Now” Loan 2025 – Up to ₦300,000 for Petty Traders, Kiosk Owners & Artisans

Cash Now-Now” Loan 2025

Are you a petty trader, artisan, or kiosk owner in Nigeria struggling with capital? The NIRSAL Microfinance Bank (NMFB) has...

Read moreDetails
Load More
Next Post
Barbers Suffer Under Taliban Rule As Afghans Shun Fashion

Barbers Suffer Under Taliban Rule As Afghans Shun Fashion

SEARCH ADS

Latest Posts

Federal Government TVET Program for Trainers (₦30,000 Support) – Application Guide
Jobs

Federal Government TVET Program for Trainers (₦30,000 Support) – Application Guide

Apply for FG NPRGS Initiative Poverty Reduction Program
Headline

Direct Link to Apply for FG NPRGS Initiative Poverty Reduction Program

YouthCred Financial Empowerment 2025
Headline

Direct Link to Apply For FG YouthCred Financial Empowerment 2025

News

Gov Bago celebrates Vatsa @64

Direct Link to Apply for FG Consumer Credit Scheme CrediCorp Loan 2025
Headline

Direct Link to Apply for FG Consumer Credit Scheme CrediCorp Loan 2025

FG to Empower 400,000 Youth with Consumer Credit from July 2025 – Here’s What You Should Know
Headline

FG to Empower 400,000 Youth with Consumer Credit from July 2025 – Here’s What You Should Know

NSCDC, Immigration, Fire & Prisons Service Recruitment Portal 2025
Headline

NSCDC, Immigration, Fire & Prisons Recruitment 2025: Portal, Requirements & How to Apply

FG Extends CEDF Application deadline to June 30, 2025 - Grants, Loans, Equity Funding Still Available for Nigerian - APPLY NOW
Headline

FG Extends CEDF Application deadline to June 30, 2025 – Grants, Loans, Equity Funding Still Available for Nigerian – APPLY NOW

NNPC/TotalEnergies Scholarship 2025: Fully Funded Opportunity for 100 & 200 Level Undergraduate Students in Nigeria - APPLY HERE 
Education

NNPC/TotalEnergies Scholarship 2025: Fully Funded Opportunity for 100 & 200 Level Undergraduate Students in Nigeria – APPLY HERE 

Federal Government LEEP Program 2025 – Apply Now for Skills Training, Job Opportunities & Empowerment
Jobs

Federal Government LEEP Program 2025 – Apply Now for Skills Training, Job Opportunities & Empowerment

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News