BREAKING: For The First Time Ever, Naira Falls To N1,534/$1 At Official Market

The naira and dollar falled at N1,534/$1 on the official NAFEM market on Monday, February 12th, 2024.

This is the weakest ever the naira has fallen against the dollar at closing on the official market, according to Nairametrics.

The intra-day high and low also hit N1,550 and N1,000 against the dollar as Nigeria continues to slide on the back of central bank reforms towards a free market exchange rate.

This is a developing story…