Business
Naira stays stable against Dollar at official market
Naira exchange at the official market remained unchanged at the Investors and Exporters (I&E) segment of the forex market.
Data obtained from FMDQ securities showed the exchange rate of the Naira to the Dollar after the midweek session stood at N416.50/$1.
Wednesday’s closing rate was the same rate Naira maintained against the US dollar for the past three trading days.
However, the domestic currency continued its depreciation against the British pounds’ sterling and Euro.
The Central Bank of Nigeria‘s currency watch data showed Naira lost against the Pound Sterling at the spot market on Wednesday by N1.54 to settle at N545.26/£1 compared with the preceding day’s N543/£1.
The report also noted that against the Euro, it lost 71 kobo to close at 458.56/€1 in comparison to the preceding session’s N457.85/€1.
Similarly at the black market Naira continued to feel the pressure closing above N585 to a dollar.
-
Aviation7 days agoGrenada grants visa-free entry to Nigerians, plans direct flight route to boost investment ties
-
Latest7 days agoAkpabio denies promising APC tickets to defeated Senators
-
Business4 days agoThe Pros and Cons of Nigeria’s $10bn Surge in Capital Importation
-
Politics6 days agoADC aspirant leads mass defection to APC in Kebbi
-
Football5 days agoChristian Eriksen stable after collapsing during Denmark–Ukraine friendly
-
Football1 week agoWorld Cup prediction expert sees Netherlands ending trophy drought in 2026
-
News1 week ago2027 Elections: Alimosho Federal Constituency stakeholders backs Ayuba, tasks Yilwatda, Sanwo-Olu, Tinubu
-
News5 days agoOndo cleric leads protest over insecurity, blames government failure (Video)