This indicates that the Nigeria Naira dropped by #8.31 against the US dollar
Buyers who took the trade at the rate of #1515 per dollar against the Naira now sells at the rate ofb#1520/ #1525 on Wednesday has this to say.
This happens as there was a drop in price for Nigeria's external reserve on the 4th of Match 2025. On the month of February, the initial amount of the reserve was $34.41Billion and currently, the reserve has dropped to $34.34 Billion making the difference of $0.07.
As it stands, Naira is depreciating even more and if appropriate measures are not being taken, this may continue.