BREAKING: Naira Falls To N1515/$1 in official Market

BREAKING: Naira Falls To N1515/$1 in official Market—–The exchange rate between the naira and the dollar reached an intra-day high of N1,515 on Monday, according to data from FMDQ, where currencies are traded officially.

This represents the worst intra-day high in nearly two months as Nigeria continues to grapple with demand pressures and a globally stronger dollar.

The last time the intra-day high surpassed the N1,500 mark was on March 21, 2024, when it closed at N1,598/$1. Since then, it has traded below N1,500.

The intra-day high represents the highest price at which the dollar traded against the naira on the official market during a single day of trading. The exchange rate typically fluctuates throughout the day