“Look at the economy, look at petrol, prices are going up higher and higher; no, it takes you to wake up, and with faith in God, we can do something.”
The naira depreciated by 5.75 per cent when compared with N664.04 for which it exchanged for the dollar on Wednesday.
A total of N72.15 million was traded at the Investors and Exporters window on Tuesday.
A total of N78.08 million was traded at the official Investors and Exporters window on Monday.
A depreciation of 0.07 per cent was recorded at the Investors and Exporters window on Tuesday.
A total of 41.02 million dollars was traded at the official Investors and Exporters window on Monday.
The figure represents an increase of 0.11 per cent compared with N436.50 to the dollar it exchanged on Monday.
An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N429.38.
“You don’t understand the power of the dollar and our single export. Ask someone in Nigeria how the dollar affects them.”