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.
-
Sports4 days agoSenegal opens Dakar 2026 Youth Olympic Games, Africa’s first Olympic event
-
Latest6 days agoTinubu endorses Nigeria’s participation in 2026 World Travel Market London
-
Football5 days agoU-17 Women’s World Cup: Flamingos Beat Mexico to Reach Quarter-Finals
-
Business4 days agoNNPC’s N66-per-litre petrol discount set to end October 31
-
Latest4 days agoNetanyahu, Eisenkot face coalition deadlock as Israel struggles to form new government
-
Latest3 days agoINEC recognises Pantami for Gombe, keeps Kano NDC candidate off final list
-
Latest4 days agoFG Announces N50,000 cash support for vulnerable Nigerians under new relief programme
-
Latest4 days agoNDC Chieftain tells Atiku to drop presidential ambition over son’s support for Tinubu