How the naira plummeted to an all-time low of N1,699 per dollar in the official market

  • The Nigerian currency, the naira, plummeted to the lowest in history in the official market
  • On Wednesday, October 2, 2024, the naira plummeted, trading at N1,669.15 per dollar in the official market
  • The depreciation represents 8% at N127 against the US dollar in the foreign exchange market

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

During the first day of trading in October, the Nigerian currency, the naira, dropped to its lowest of N1,669.15 per dollar in the official market