Business
Naira gains at official market, drops to N1360/$1 at parallel market
The Naira gained against the dollar on Tuesday, 23rd January 2024 at the official market, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has shown.
The domestic currency appreciated to N878.61/$1 gaining N46.73 as against the N925.34/$1 it closed on Monday.
The intraday high recorded was N1336.05/$1, while the intraday low was N701/$1, representing a wide spread of N635.05/$1.
READ ALSO: Naira declines further at official market, closes at N925/$1
Similarly, the naira shed N5 off its price at the parallel window where forex is sold unofficially, the exchange rate was quoted at N1365/$1 as against the price of N1360/$1 the previous day, while peer-to-peer traders quoted around N1393/$1.
The naira closed flat against the British Pound at N1,725/£1 after crashing massively on Monday.
The Canadian dollar also closed flat at N1000//CA$1 after crossing the N1000 threshold on Monday, January 22, 2024.
The naira recovered slightly against the Euro, trading at ₦1,445/€1 as against the previous closing price of ₦1,450/€1 at the last trading day.
-
Latest6 days agoHigh Court opens hearing on Goodluck Jonathan’s 2027 presidential eligibility
-
Crime1 week agoServing police officers arrested with firearms amid escalating Cross River communal crisis
-
Latest5 days agoNigerian Senate reverses standing orders amendment over constitutional concerns
-
Latest3 days agoWike loyalists dominate As APC clears 33 aspirants for Rivers Assembly primaries, 65 disqualified
-
Business23 hours agoAnger, debate trail proposed $1.25bn loan amid concerns over Nigeria’s debt surge
-
Featured19 hours agoWike dismisses political speculation over meeting with APC Chairman Yilwatda
-
Business23 hours agoNigeria’s 2026 debt servicing hits $11.6bn as Tinubu decries global financial inequity
-
Crime1 day agoBritish-Nigerian prisoner escapes after mistaken release from custody