Naira falls at official market

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Dollar supply at the official market rose nonetheless.

Naira fell marginally against the U.S. dollar at the official market on Monday, as the official market witnessed a sharp increase in foreign exchange supply from what was recorded in the previous session Friday last week.securities exchange window, also known as the Investor and Exporters window where forex is officially traded showed naira closed at N414.40 per $1.

The currency’s performance became evident as forex turnover increased by 48.22 per cent with $184.31 recorded as against the $124.35 million posted on Friday last week. At the black market in Abuja, dealers exchanged the naira at N575.00 per $1 on Monday, while dealers in Uyo said the currency exchanged at N570.00 to a dollar in the morning.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Where is that ABOKI FX? This guy is not ready to leave this Naira alone,we must arrest him.

Is it from a tree or building

What does this mean?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Allow Naira To Reflect Market Realities, Osinbajo Tells CBNIn view of the falling exchange rate in the market, Vice President Yemi Osinbajo has called on the Central Bank of Nigeria (CBN) to allow the naira In view of the falling exchange rate in the market, Vice President Yemi Osinbajo has called on the Central Bank of Nigeria (CBN) to allow the naira reflect the realities of the market.
Source: LeadershipNGA - 🏆 4. / 77 Read more »