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Demand pressures: Official exchange rate settles at N1571.31/$1 as intra-day hits N1851/$1 

February 23, 2024

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The official exchange rate experienced a notable decline of 2.97%, settling at N1571.31 per US dollar, while intraday trading reached a peak of N1851 against the dollar on Thursday, February 22nd, 2024. This surge coincided with increased demand pressure, further exacerbating the ...

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Demand pressures: Official exchange rate settles at N1571.31/$1 as intra-day hits N1851/$1 