Business
Naira loses more grounds against Dollar at official, parallel markets
The Nigerian naira has continued to depreciate against major currencies, according to recent data from the country’s official and unofficial foreign exchange markets.
At the parallel market, also known as the black market, the naira exchanged at N749/$1 to a US dollar on Thursday, a decline of N3 compared to Wednesday’s rate of N747/$1.
READ ALSO: Naira value rises at official market
Similarly, the domestic currency lost N2 against its American counterpart in the Peer-2-peer segment during the session to finish at N766/$1 compared with Wednesday’s rate of N764/$1.
Likewise, in the official market window, the Naira declined by 26 Kobo or 0.06 percent to settle at N461.50/$1, in contrast to Wednesday’s N461.24/$1.
In the interbank segment, the Naira fell against the Pound Sterling on Thursday by 82 Kobo to sell at N568.50/£1 versus its previous rate of N567.68/£1, and against the Euro, it lost N1 to finish at N500.21/€1 compared with the midweek session’s N499.21/€1.
-
News3 days agoWidow of late investigative broadcaster Kola Olawuyi dies
-
Business7 days agoPressure mounts on marketers as Nigerians demand lower fuel prices amid falling global oil costs
-
Crime3 days agoOutrage as NYSC doctor allegedly dies after delay in approving sick leave
-
Agribusiness7 days agoRising insecurity threatens Nigeria’s food supply as farming communities abandon farmlands
-
Energy7 days agoNigerians turn to solar as rising diesel costs, unstable grid drive energy shift
-
Business7 days agoThe State House Statement: An Unquantifiable Reputational Damage to the Nigerian Financial Sector
-
Education7 days agoJSS3 Student stuns educators with University-level maths, secures global STEM Olympiad spot
-
Latest3 days agoLagos arrests 396 beggars in fresh crackdown on street begging (Video)