Naira Crashes By N255/$ In A Single Day At Official Window, As Currency Nears Convergence With Parallel Market

The naira has crashed to N1,099.05 per dollar on Friday at the official foreign exchange window, bringing it closer to the rate traded at the parallel market.

Analysis of data on the FMDQ conducted by THE WHISTLER showed that at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira opened trading on Friday December 8, 2023, at the price of N844.1 per dollar.