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The naira further depreciated on Thursday, trading at N1675.49 to the dollar in the official market, down from N1631.17 on Wednesday as this reflects a loss of N44.32 in just one day.
At the parallel market, the naira held steady at N1750 per dollar, unchanged from the previous day.
This decline occurred despite an increase in foreign exchange transaction turnover, which rose to $166.61 million on Thursday from $128.98 million recorded on Wednesday.
Report states that Beirut faced a barrage of more than ten Israeli airstrikes overnight, as casualties emerge, further escalating tensions across the region. According to the report on Thursday, Gaza death toll has climbed, with at least 25 people killed in air raids targeting central Gaza’s Deir el-Balah, Nuseirat refugee camp, and the az-Zawayda area, with casualties increasing as densely populated areas continue to be hit. Northern Israel also saw […]
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