Business
“Naira Dips To 1510/$ In Unofficial Market As World Bank Flags It Among Africa’s Weakest Currencies”
“Naira Dips To 1510/$ In Unofficial Market As World Bank Flags It Among Africa’s Weakest Currencies”
Yesterday saw the naira’s value drop to N1,510 against the dollar in the unofficial market, a decrease from N1,485 recorded on Monday. Meanwhile, in the Nigerian Foreign Exchange Market (NAFEM), the naira experienced an uptick to N1499.07 per dollar…..READ MORE
Data sourced from FMDQ revealed a decline in the indicative exchange rate for NAFEM to N1,499.07 per dollar, down from N1,534.39 per dollar observed on Monday, marking a N35.32 appreciation for the naira.
Consequently, the disparity between the official and unofficial market exchange rates narrowed to N10.93 per dollar yesterday, compared to N49.39 per dollar on Monday.
-
Latest News5 days agoNew Crisis In NDC As Kano Chairman Blocks Kwankwaso’s Takeover Move
-
Latest News2 weeks agoAPC Elders Back Tinubu, Namadi, Acquire ₦150 Million Nomination Forms
-
Latest News1 week agoTinubu Appoints Former Power Minister As Special Adviser
-
Latest News1 week agoSh*ck Arrest: Nuhu Ribadu Reportedly Detains NFSS Boss, 6 Others
-
Latest News2 weeks agoThousands Of Borno Youths Raise ₦38.5 Million In Massive Show Of Support For Ali Ndume
-
Latest News2 weeks agoSenate President Akpabio Declares Jimoh Ibrahim’s Seat Vacant
-
Latest News4 days agoYou Will End Up On Your Knees When We Retaliate” – Oshiomhole Slams South African President
-
Latest News1 week agoDesmond Elliott Begs Gbajabiamila: “I’m Sorry If I’ve Wronged You
-
Latest News1 week agoOkpebholo Knocks Out Critics As He Tours Ikpoba Hill Flyover With Seun Okinbaloye
-
Latest News6 days agoKano Political Shake-Up As Two Lawmakers Defect From ADC
-
Latest News2 days agoPresident Tinubu Makes Surprise New Appointment
-
Latest News2 weeks agoObasanjo Opens Up: “I Won’t Forget What IGP Disu Did To Me During House Arrest