Naira Hits New Low At N820/$, As Forex Supply Gap Persists
In the I&E window, the local currency depreciated 3.9 percent W-o-W to N803.9/$ from N776.9/$ the previous Friday.
News as it breaks
In the I&E window, the local currency depreciated 3.9 percent W-o-W to N803.9/$ from N776.9/$ the previous Friday.
The G7 as a whole is expected to work to tighten existing sanctions, close loopholes, squeeze Moscow’s access to the international financial system and commit to keeping Russian assets frozen until the end of the war in Ukraine.
According to the report, the figure is 0.13 per cent points higher compared to the 21.91 per cent recorded in February 2023.