The exchange rate between the naira and the US dollar closed at N418.33/$1 at the official Investors and Exporters window.
Naira fell to its lowest level since 4th January 2022, depreciating by 0.32% on Wednesday to close at N418.33/$1 compared to N417/$1 recorded in the previous trading session.
The exchange rate at the peer-to-peer market appreciated by 0.269% on Thursday morning to trade at a minimum of N589.5/$1, in contrast to the N591.09/$1 recorded as of the same time of the previous day.
FG plans to spend more on debt servicing, capital expenditures
The Federal Government has outlined plans to allocate a significant portion of its budget to debt servicing over the next...
Read more