BREAKING: Naira Falls To N1515/$1 in official Market—–The exchange rate between the naira and the dollar reached an intra-day high of N1,515 on Monday, according to data from FMDQ, where currencies are traded officially.
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This represents the worst intra-day high in nearly two months as Nigeria continues to grapple with demand pressures and a globally stronger dollar.
The last time the intra-day high surpassed the N1,500 mark was on March 21, 2024, when it closed at N1,598/$1. Since then, it has traded below N1,500.
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The intra-day high represents the highest price at which the dollar traded against the naira on the official market during a single day of trading. The exchange rate typically fluctuates throughout the day
