Brands and Marketing
BREAKING: Naira Crashes Against Dollar, See New Exchange Rate

Naira has crashed against dollar.
Onyxnewsng gathered that Nigeria’s currency, Naira reduced on Monday, August 30, falling to an all-time low of N527 against the United States dollar at the parallel market otherwise known as the black market.
This online news platform understands that the Naira, which has been on a downward trend in recent weeks, fell to N524 against the greenback last Friday from 522/$1 the previous day (Thursday).
On the other, the local currency, however, strengthened to N411.63/$1 on Monday from 412/$1 on Friday, at the Investors and Exporters’ window, according to data published on FMDQ Group, the official website where the naira is traded.
READ ALSO: BREAKING: CBN Fixes Transfer Limits As E-Naira Commences October
The Naira had strengthened to N506/$1 on August 4 after plunging to 525/$1 at the parallel market on July 28, a day after the Central Bank of Nigeria (CBN) stopped foreign exchange sales to Bureaux de Change.
Meanwhile, Godwin Emefiele, the CBN Governor, had on July 27, at the end of the Monetary Policy Committee meeting, announced the stoppage of forex sale to the BDCs, saying they had turned themselves into ‘agents that facilitate graft and corrupt activities of people who seek illicit fund flow and money laundering in Nigeria.’
-
Headline1 week ago
PDP NEC Meeting Postponed Again as Internal Crisis Deepens; Governors, BoT, and Saraki Panel to Meet
-
Headline6 days ago
Ogun Athletes’ Protest Over Allowances at National Sports Festival Deemed ‘Impatient’ by State Government
-
Headline5 days ago
Ogun State Shines as National Sports Festival Closes with Presidential Praise
-
Headline1 week ago
UCL 2025/26: 27 Clubs Secured Qualification Spot Already (FULL LIST)
-
Headline1 week ago
Internal Tensions Surface in ADC as It Becomes Platform for Anti-Tinubu Coalition
-
Crime1 week ago
[VIDEO]: NDLEA’s Drug Seizure at Lagos Airport Reveals Evolving Trafficking Tactics
-
Headline1 week ago
Children’s Day 2025: President Tinubu Calls for National Unity Against Bullying, Reaffirms Child Welfare Priorities
-
Headline1 week ago
Power Struggle Between Makinde and Wike Threatens PDP’s Stability Ahead of NEC Meeting
-
Headline1 week ago
Nigerian Star Tobi Amusan Breaks Rabat Diamond League 100m Hurdles Record
-
Headline1 week ago
Federal Judge Blocks Trump’s Ban on Harvard’s International Students; Trump Responds