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![Today's Naira Rate[04-09-2024]: Rising Inflation Looms as Naira Trades at Six-Month Low of N1,625.88/$1](/data/attachments/207/207981-14653f6b81669f690c028af5c37d80bb.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[04-09-2024]: Rising Inflation Looms as Naira Trades at Six-Month Low of N1,625.88/$1
Nigeria's exchange rate fell to a six-month low of N1,625.88 per dollar on August 4, 2024, indicating ongoing economic challenges. The naira's depreciation coincided with rising petrol prices, contributing to inflation and tightening liquidity in the foreign exchange market, which saw a...- Nigeria News
- Article
- 2 min read
- currency depreciation nigeria foreign exchange market inflation pressure nigeria naira exchange rate nigeria economic challenges
- Category: Business
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