Nigeria : Official exchange rate falls to record low N1,534 despite CBN’s policies
![](/images/news/west/nigeria-flagpole.jpg)
The Nigerian naira plummeted to an all-time low of N1,534.39 per dollar on Monday, accompanied by a staggering 64.69% drop in forex turnover to $89.61 million.
The Nigerian naira plummeted to an all-time low of N1,534.39 per dollar on Monday, accompanied by a staggering 64.69% drop in forex turnover to $89.61 million.
The Naira gained against the dollar on Monday, 5th February 2024 at the both official market and the black market.
For the month of December, Nigeria’s average daily crude oil production reached 1.418 million barrels from the 1.31 million barrels recorded in the month of November.
Nigeria’s inflation rate for December rose to 28.92% from 28.20% recorded in the previous month according to the latest National Bureau of Statistics (NBS) inflation report.