Naira loses at official market

Naira fell against the U.S. dollar at the official market on Monday, after the domestic currency recorded gains in the last two market sessions of the spot market.securities exchange windows where forex is officially traded showed that the naira closed at N415.07 to a dollar on Monday.

This implies a N0.67 or 0.20 per cent devaluation from the N414.40 rate it exchanged nine the previous session on Friday last week. The naira reached an intraday high of N404.00 and a low of N453.10 before closing at N415.07 per $1 on Monday, with $149.53 million recorded as forex turnover. At the black market in Uyo, dealers said they exchanged the currency at N552.00 and sold at N556.00 per $1 on Monday, while in Abuja, dealers exchanged the hard currency at N555.00 and sold at N557.00 per $1.

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.

Stock Market To Rebound On GDP Growth, Declining Inflation RatesNigerian capital market analysts expected the stock market to close positive this week following growth in Gross Domestic Product(GDP) rate and declining
Source: LeadershipNGA - 🏆 4. / 77 Read more »

Capital market registrars strategise to increase investor participation | The Guardian Nigeria News - Nigeria and World NewsThe Institute of Capital Market Registrars (ICMR) is to unfold new strategies that will increase retail participation by leveraging digital technology to boost market accessibility.
Source: GuardianNigeria - 🏆 1. / 94 Read more »