Business
Naira weakens against Dollar, others at official market
The Nigerian currency, Naira, fell against the U.S dollar on the official market despite decrease in market activity.
Data posted on the FMDQ Security Exchange where forex is officially traded showed the Naira closed at N411.67 per $1.
Yesterday’s closing exchange rate implies a N0.17 or 0.04 percent devaluation from N411.50 the rate it traded in the previous session on Wednesday.
READ ALSO: Naira worsens against Ghana’s Cedi, South Africa’s Rand, others
Market activity saw Forex turnover decreased by 43.21 per cent with $109.47 million posted as against the $192.75 million recorded in the previous day.
Meanwhile, according to data posted on abokiFX, the black market currency rate remained at N500.00 per U.S dollar.
Naira also remained at N710 for the British pounds and N595 to the Euro it exchanged the previous day.
-
Sports2 days agoSenegal opens Dakar 2026 Youth Olympic Games, Africa’s first Olympic event
-
Latest5 days agoTinubu endorses Nigeria’s participation in 2026 World Travel Market London
-
News7 days agoRugby: Borthwick Faces Key Selection Questions as World Cup Looms
-
Football4 days agoU-17 Women’s World Cup: Flamingos Beat Mexico to Reach Quarter-Finals
-
Featured4 days agoHow court ruling reshapes APC’s Imo West Senatorial contest
-
Crime7 days agoPassengers feared abducted on Kebbi-Abuja journey as viral video shows armed men threatening captives (VIDEO)
-
Featured1 week agoKaduna APC rally sparks row over turnout, alleged rented crowd and AI disinformation
-
Latest3 days agoNetanyahu, Eisenkot face coalition deadlock as Israel struggles to form new government