{"id":15069,"date":"2024-01-17T14:51:52","date_gmt":"2024-01-17T14:51:52","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=15069"},"modified":"2024-01-17T14:51:52","modified_gmt":"2024-01-17T14:51:52","slug":"naira-hits-all-time-low-at-n1320-per-dollar-on-parallel-market","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/01\/17\/naira-hits-all-time-low-at-n1320-per-dollar-on-parallel-market\/","title":{"rendered":"Naira Hits All-Time Low at N1,320 per Dollar on Parallel Market"},"content":{"rendered":"<p>The Nigerian currency, Naira, experienced a historic low on Wednesday, reaching N1,320 per dollar on the parallel market, also known as the black market. The black market serves as an unofficial platform for the trading of foreign currencies, deviating from the official exchange rate set by the Central Bank of Nigeria (CBN).<\/p>\n<p>This represents a 3.03% or N40.00 decline compared to the N1,280 recorded at the close of trading on Tuesday. The current depreciation marks the weakest point for the Naira since October 26, 2023, when it reached N1,300 against the dollar on the parallel market.<\/p>\n<p>The official exchange rate of the US dollar to the Nigerian naira, as of January 17, 2024, stands at \u20a6910.75. The decline on the parallel market emphasizes the challenges facing the Naira against the backdrop of strong demand for foreign currency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Nigerian currency, Naira, experienced a historic low on Wednesday, reaching N1,320 per dollar on the parallel market, also known as the black market. The black market serves as an unofficial platform for the trading of foreign currencies, deviating from the official exchange rate set by the Central Bank of Nigeria (CBN). This represents a [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":15076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-15069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/15069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=15069"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/15069\/revisions"}],"predecessor-version":[{"id":15087,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/15069\/revisions\/15087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/15076"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=15069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=15069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=15069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}