Business
Naira loses marginally against dollar at parallel market
The Naira on Thursday lost marginally against the dollar at the parallel market in Lagos, exchanging at N361 to the dollar.
The Naira traded at 50 Kobo, weaker than N360.5 traded on Wednesday. The Pound Sterling closed at N410.
At the Bureau De Change (BDC) window the Naira closed at N360 to the dollar, while the Pound Sterling closed at N410.
Trading at the investors’ window saw the Naira closing at N365.12 to the dollar as market turnover stood at 142.64 million dollars.
The naira exchanged at N306.90 at the official CBN window.
The naira had remained stable at the market largely due to interventions by the CBN.
As the United States and China continue to make progress in trade dialogue and the subsequent rise in the price of oil at the international market, Nigeria’s external reserves was expected to shore up.
-
Football5 days agoFrance confirms U-20 Women’s World Cup participation amid FIFA-UEFA rift
-
Business5 days agoNigeria’s external debt service falls 31.5% to $954m in Q1 2026
-
Football3 days agoWAFCON 2026: Super Falcons battle South Africa for World Cup play-off spot
-
Latest4 days agoMessi reportedly faced multiple bomb threats during 2026 World Cup
-
Featured5 days agoOsun Governorship Election: Adeleke faces tough test as APC, ADC mount challenge
-
Latest3 days agoOsun 2026: Oyinlola group backs Oyebamiji, faults Adeleke over exclusion
-
Latest4 days agoNFF denies calling for Infantino’s resignation
-
Business15 hours agoBigi, Fearless take campus engagement to new level, reach 20 tertiary institutions