Business
Naira weakens against Dollar, others at official market
The Nigerian currency, Naira, fell against the U.S dollar on the official market despite decrease in market activity.
Data posted on the FMDQ Security Exchange where forex is officially traded showed the Naira closed at N411.67 per $1.
Yesterday’s closing exchange rate implies a N0.17 or 0.04 percent devaluation from N411.50 the rate it traded in the previous session on Wednesday.
READ ALSO: Naira worsens against Ghana’s Cedi, South Africa’s Rand, others
Market activity saw Forex turnover decreased by 43.21 per cent with $109.47 million posted as against the $192.75 million recorded in the previous day.
Meanwhile, according to data posted on abokiFX, the black market currency rate remained at N500.00 per U.S dollar.
Naira also remained at N710 for the British pounds and N595 to the Euro it exchanged the previous day.
-
Education1 week agoUniversity of Ibadan releases 2026/2027 post-UTME screening results
-
Football1 week agoUnpaid £185m Club World Cup fund sparks fresh FIFA controversy
-
Football3 days agoFrance confirms U-20 Women’s World Cup participation amid FIFA-UEFA rift
-
Business3 days agoNigeria’s external debt service falls 31.5% to $954m in Q1 2026
-
Featured3 days agoOsun Governorship Election: Adeleke faces tough test as APC, ADC mount challenge
-
Latest2 days agoNFF denies calling for Infantino’s resignation
-
Business1 week agoBreaking: NNPCL reduces pump price of petrol as competition intensifies
-
Business2 days agoNNPC faces fresh scrutiny over oil licensing, production claims, transparency