Business
Naira drops against Dollar, others at official exchange window
The exchange rate between Naira and the US Dollar closed at N411/1$ in the Importers and Exporters window, where forex is traded officially.
According to data posted on the FMDQ Security Exchange, the naira exchanged on Tuesday at 0.31 percent depreciation from N409.75, the rate at which the naira closed at the previous session on Monday.
Market participants on Tuesday bid for U.S dollar between N400.00 and N436.81, before closing at N411.00.
During Tuesday trading, forex turnover increased by 18.04 per cent, with $53.53 million recorded as against the $45.35 million on Monday.
Meanwhile at the black market on Tuesday, the exchange rate of the naira against the U.S dollar remained unchanged at N482/$1, according to data from abokiFX.
After Tuesday trading the difference between the black market and the I&E window exchange rate was N71.00.
-
Football5 days agoBallon d’Or 2026: Yamal, Mbappe, Kane emerge early favourites
-
Football4 days agoPost-World Cup Shake-Up: Managerial changes, record transfers dominate football headlines
-
Football4 days agoWAFCON 2026: Super Falcons target winning start as Nigeria face debutants Malawi
-
Energy3 days agoNigeria wastes enough gas to Ggenerate 62,400GWh of electricity amid deepening energy crisis — NOSDRA
-
Latest6 days agoAccountability group questions ₦962.8bn Allocation for empowerment projects, official vehicles in 2026 budget
-
Business1 week agoThe Productivity Puzzle: Why Nigeria’s economy is growing faster than household prosperity
-
Health3 days agoFauci’s personal diaries fuel renewed scrutiny of COVID-19 vaccine safety
-
Business5 days agoThe Solar Gold Rush: Why Nigerian businesses are betting on renewable energy