The naira, on Tuesday, January 16, 2024, continued to suffer depreciation against the dollar as it exchanged at N1,300 on the Peer-to-Peer cryptocurrency window.
Some traders on the parallel market also said the naira traded at N1,300/$ in the market on Tuesday.
On the Binance platform, the naira is currently trading above N1,300/$.
Some Bureau de Change Operators said the quoted value is reflective of market realities.
READ ALSO: Bloomberg: Naira’ll record worst year in 2024 unless…
“Currently, we are selling for N1,300/$. We are witnessing more demand and that’s why,” a BDC seller in Abuja, Magaji Muhammed, told Punch.
Another BDC seller, Abubakar Taura, however, added that he could only sell for N1,280 per dollar.
“I can sell for you at N1,280/$ and that is the highest I can go,” Taura said.
While the official market is yet to close, details from the FMDQ OTC Securities Exchange showed that the naira closed trading at N838.95/$ on Monday, January 15.
Gunmen have killed two persons and kidnapped four others during an attack on Pindiga community…
The National Judicial Council has revealed that 34 nominees — including a Chief Superintendent of…
President Bola Tinubu departed Lagos on Sunday, December 28, 2025, for Europe, continuing his end-of-year…
Nollywood actress Doris Ogala has reacted to the public apology tendered to her by the…
The founder of the Mountain of Liberation and Miracle Ministries, also known as Grace Nation…
A report has debunked claims making the rounds that notorious bandit kingpin, Bello Turji, was…
This website uses cookies.