BREAKING: Naira Vs Dollar Exchange Rate Falls To N803/$1 At I&E Window

BREAKING: Naira Vs Dollar Exchange Rate Falls To N803/$1 At I&E Window—The Genius Media Nigeria reports that The exchange rate between the dollar and naira fell to N803/$1 at the investor & exporter window on Friday, July 15, 2023.

This is the lowest ever the exchange rate has fallen to since Nigeria adopted the managed float exchange rate system.
The closing rate of N803/$1 represents a 7.3% decline from the start of the week when it closed at N744/$1. The first signal of a challenge was when the exchange rate closed at N776/$1.

Developing Story…