The official exchange rate between the naira and the US dollar ended 2024 at N1,535/$, according to CBNThis indicated a 40.9% depreciation during the year compared to the official rate at the end of 2023, which was N907.11/$The significant devaluation takes place at the same time that the CBN implements certain foreign exchange regulations
Henzodaily.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.
Data from the Central Bank of…
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