Nigeria's naira was quoted at an all-time low of 420 to the dollar on the unofficial market on Wednesday, the same day Africa's biggest economy officially slid into recession.
Currency hits new record low of 420 per Dollar on black market
The currency traded at 418 to the dollar on Tuesday and has been under constant pressure on the black market for months.
The naira was quoted at 317.09 to the dollar on the interbank market by 1224 GMT, against a 305.5 close on Tuesday.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Fuel Scarcity: LASG warns petrol stations against causing traffic gridlock
Here’s why JAMB won’t announce 2024 UTME top scorer
ICPC boss urges Nigerians to take pride in honest work
JAMB releases 2024 UTME results — here’s how to check
How Tinubu transformed from a ‘gaffe master’ to an articulate president
Governors warned not to perish Tinubu's reformation agenda
Tinubu's courageous moves will free Nigerians from bondage - Shehu Sani
Bible miraculously survives as fuel tanker catches fire on Accra-Kumasi Highway
NAFDAC seizes 35 cartons of codeine syrup in Anambra raid
ADVERTISEMENT