Business
Naira appreciates against Dollar at parallel market
Nigeria’s local currency, the Naira appreciated marginally against the dollar at the parallel market in Lagos, exchanging at N358.50 to the dollar.
The Nigerian currency, it was gathered, was 10 kobo stronger than N358.60 to the dollar traded on Tuesday, while the Pound Sterling and the Euro closed at N478 and N417.5, respectively.
At the Bureau De Change (BDC) window, the Naira closed at N360 to the dollar, while the Pound Sterling and the Euro closed at N478 and N417.5, respectively.
Trading at the investors’ window saw the Naira close at N361.87 with a daily turnover of 168.74 million dollars, while the naira closed at N305.75 at the CBN window.
Traders expressed optimism that the naira might appreciate further at the market as the CBN continues to boost liquidity.
Continue Reading
-
Features1 week agoHow ADC leadership crisis put Atiku’s 2027 ambition at risk
-
Energy1 week agoNNPC plans 5–10% stock market listing, targets 2027 for IPO preparations
-
Business5 days agoDisCos urge Minister to end blame game, apologise to Nigerians over blackouts
-
Latest1 week ago2027: No Court rulings can keep me off the ballot, Atiku insists
-
Health6 days agoStudy links Pfizer COVID-19 vaccine to higher death rates than Moderna shot
-
Latest1 week agoHow internal party disputes could shape the 2027 elections
-
Business7 days 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