Business
Naira depreciates at parallel market
The Nigerian Naira, on Thursday, August 3, depreciated against the United States Dollar at the parallel segment of the Nigerian foreign exchange market.
After firming up to the rate of N363, the Naira shed two points on Thursday against the Greenback to close at the rate of N365.
This fall is coming despite the intervention of the Central Bank of Nigeria, CBN, intervention in the forex market.
Against the British Pound Sterling it also dropped two points to close at the rate of N475 at the black market and closed at the rate N424 against the European single currency, Euro.
ALSO SEE: GTBank reiterates support for autistic children
Local currency depreciated against the Pound and Euro, as it again dropped N2 to close the day at N475 and N424 against the Pound and Euro respectively, from the previous rates of N473 and N422
The Nigerian Naira, had on Wednesday, August 2, gained traction against the United States of America Dollar at the parallel segment of the Nigerian Foreign exchange market.
Meanwhile, at the official interbank or spot FX segment of the currency market, the naira strengthened to N355.55 against the Dollar, N475.94 against the Pound and N430.23 against the Euro.
-
News1 week agoWidow of late investigative broadcaster Kola Olawuyi dies
-
Crime1 week agoOutrage as NYSC doctor allegedly dies after delay in approving sick leave
-
Aviation1 week agoNIS issues updated guidelines for contactless passport renewal for Nigerians abroad
-
Latest6 days agoOne killed as ethnic clash erupts in Ibadan following reported overnight stabbing (video)
-
Latest1 week agoLagos arrests 396 beggars in fresh crackdown on street begging (Video)
-
Agribusiness6 days agoStrengthening Nigeria’s Food Production Through Reliable Water Storage Infrastructure
-
Aviation4 days agoNigeria ends third-party visa processing in U.S, directs applicants to embassy, consulates
-
Business5 days agoSEC sets July 10 deadline for Q2 ownership, capital flows returns