Business
Naira stays stable against Dollar at official market
Naira exchange at the official market remained unchanged at the Investors and Exporters (I&E) segment of the forex market.
Data obtained from FMDQ securities showed the exchange rate of the Naira to the Dollar after the midweek session stood at N416.50/$1.
Wednesday’s closing rate was the same rate Naira maintained against the US dollar for the past three trading days.
However, the domestic currency continued its depreciation against the British pounds’ sterling and Euro.
The Central Bank of Nigeria‘s currency watch data showed Naira lost against the Pound Sterling at the spot market on Wednesday by N1.54 to settle at N545.26/£1 compared with the preceding day’s N543/£1.
The report also noted that against the Euro, it lost 71 kobo to close at 458.56/€1 in comparison to the preceding session’s N457.85/€1.
Similarly at the black market Naira continued to feel the pressure closing above N585 to a dollar.
-
Business5 days agoDisCos urge Minister to end blame game, apologise to Nigerians over blackouts
-
Health6 days agoStudy links Pfizer COVID-19 vaccine to higher death rates than Moderna shot
-
Business1 week agoPower supply to improve in 72 hours as FG moves to restore generation – Tegbe
-
Business4 days agoFuel price: Our eyes on you, FCCPC tells oil marketers
-
Football6 days agoFlamingos arrive in Abuja after historic U-17 Women’s World Cup victory
-
Business5 days agoAfter weeks of blackout, electricity returns to Lagos, Ogun, Oyo, Kwara, FCT
-
News1 week agoOlopade Pledges ₦6m for Athletic Heat Anniversary Meet
-
Latest5 days agoAbati questions former CSU lecturer’s authority in fresh Tinubu certificate dispute [VIDEO]