The Naira has crashed further, tumbling to an all-time low of ₦950.00 per Dollar at the parallel market.
The latest development came Thursday afternoon when the dollar moved from the ₦925.00 published by News Band Thursday to a staggering ₦950.00 per Dollar.
In the meantime, see details of the previous report below:
The exchange rate for Naira in the parallel market for Thursday morning, August 10, 2023, as confirmed by Bureau de Change operators, is as follows:
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
| 10/08/2023 | US Dollar | 905.00 | — | 925.00 |
| Euro | 970.00 | — | 987.00 | |
| Pounds Sterling | 1,155.00 | — | 1,175.00 | |
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
Meanwhile, the seven-day average of the official exchange rate as indicated by the Central Bank of Nigeria (CBN) for the same period is:
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
|
From 03/08/2023 to 09/08/2023 |
US Dollar | 767.767 | 768.267 | 768.767 |
| Pounds Sterling | 976.139 | 976.7747 | 977.4104 | |
| Euro | 840.3978 | 840.9451 | 841.4924 | |
| Swiss Franc | 875.9464 | 876.5168 | 877.0873 | |
| Yen | 5.3656 | 5.3691 | 5.3726 | |
| CFA | 1.2361 | 1.2461 | 1.2561 | |
| WAUA | 1002.6405 | 1003.2934 | 1003.9464 | |
| Riyal | 204.6342 | 204.7675 | 204.9007 | |
| Danish Krona | 112.7775 | 112.851 | 112.9244 | |
| SDR | 1027.5794 | 1028.2486 | 1028.9178 | |
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
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