The exchange rate between the naira and dollar in the official NAFEM Window depreciated to N1,533.99/$1 on Thursday May 14, 2024.
This represents a a massive 4.89% drop in one day when compared to the N1459.02/$1 recorded a day earlier.
The exchange rate snapped one week of loses to close stronger on Wednesday, however it appears that was a blip with the rate falling to the lowest this month.
This is a developing story….