• Tuesday, July 23, 2024
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BusinessDay

Naira opens at record low of 192.60 on tight dollar supply

Naira quoted at record low of 198.95 to dollar

The naira opened at a record low of 192.60 on Wednesday due to tight dollar supplies, down 0.26 percent from its previous close.

Read also: Naira nears record intraday low against dollar

The naira has been hitting record lows against the dollar this year as dollar liquidity dries up in the wake of tumbling oil prices, Nigeria’s main export.

The unit closed at a record low of 192.10 naira to the dollar on Tuesday.