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.
-
Football4 days agoBanda, Chawinga make 2026 Women’s Ballon d’Or top 30 shortlist
-
Latest1 week agoCole-Alegbe unveils memoir, urges leaders to harness technology for lasting impact
-
Featured4 days agoPeter Obi, Makinde and the 2027 elections: Can unity really challenge APC?
-
Business5 days agoNigeria records N12.59trn trade surplus in Q2 2026 — NBS
-
Business6 days agoNigerian Breweries’ H1 profitability strengthens as revenue hits N804bn
-
Business1 week agoJetour G700 PHEV Storms Abuja as Jetour Nigeria Takes Luxury Mobility Showcase to FCT
-
Latest6 days agoTinubu’s US legal battle: Group questions silence of elder statesmen
-
Energy3 days agoBrent crude tops $100: What higher oil prices mean for Nigeria