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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe naira fell 1.34% against the US dollar on Friday, July 15, 2022. Its lowest level ever.
Record fall for the naira. The currency reportedly closed at 430.33 naira to the dollar on Friday implying a devaluation of N5.71 or 1.34% from N424.62 posted in the previous market session on Thursday. The naira however recorded no significant movement against the dollar in the last four business days on the back market. Dealers reportedly traded dollars at N615.00 and sold at N620.00 to the dollar on Friday at the Uyo street market. So far, this is the lowest rate the naira has traded this year.
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