Business
Naira falls heavily against dollar at official market
The Nigerian currency, Naira, depreciated heavily against the United States dollars at the official market on Thursday.
After trading activities on Thursday, Data from FMDQ Securities showed that Naira exchanged for the US dollar at N430.25.
This was a N1.5 or 0.34 percent loss when compared to the N428.75 for the last two days.
During the day’s trade, Naira was exchanged for N444/$ dollar. Naira’s poor performance is largely driven by low forex supply to the market.
FMDQ reports that traders exchanged $58.39 million on Thursday compared to $113. 64 million traded on Tuesday.
-
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 $954m in Q1 2026
-
Latest3 days agoNFF denies calling for Infantino’s resignation
-
Featured3 days agoOsun Governorship Election: Adeleke faces tough test as APC, ADC mount challenge
-
Business3 days agoNNPC faces fresh scrutiny over oil licensing, production claims, transparency
-
Business3 days agoNaira at ₦1,360/$: Can the currency’s new stability last?
-
Business1 week agoBreaking: NNPCL reduces pump price of petrol as competition intensifies
-
Latest3 days agoMessi reportedly faced multiple bomb threats during 2026 World Cup