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Naira appreciates further against US Dollar at official forex market



Naira slumps to N1025 as forex crisis worsens

The figures indicated a slight drop in the value of the Naira compared to the previous day’s trading. On Tuesday, the Naira was traded at around N1,193.9 to $1 on Binance, a P2P market and crypto platform.

Since the introduction of FX reforms by the apex bank on June 14, 2023, the Naira has experienced fluctuations in the forex markets. The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has reassured Nigerians that the Naira is expected to strengthen in the FX market in 2024.

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