Naira strengthened against the U.S. dollar at the official forex market after it appreciated slightly by 0.36 per cent at the close of business on Wednesday.
Naira opened trading at N429.17 but closed at N429.44 to a dollar on Wednesday, as against the N430 and above mark it has been trading since the commencement of business this week,The domestic currency soared to an intraday high of N418.00 and plummeted to a low of N453.20 before closing at N429.44 at the close of sales on Wednesday, with $109.47 million supplied as Forex exchange within this period.
However, the Naira has maintained stability against the dollar in the parallel market in the last three consecutive business days, black market exchange rates reviewed across major States showed.In Uyo and Abuja , currency dealers said they bought the dollar at N695.00 and sold within the range of N698.00 and N700.00 since the beginning of this week.
“The price has remained the same and I don’t know why it is so,” a currency dealer in Uyo told PREMIUM TIMES. At the Abuja zone 4 market, another dealer said the currency rate has remained the same since the commencement of trading this week but that it is likely going to rise or fall before the week runs out.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Make e go back to 500/$ abeg
Na Lai.
Make una stop ooo
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Again, naira crosses N700/$ mark at parallel market | TheCableThe naira has continued its downward trend, trading between N700 and N702 per dollar at the parallel market on Monday. Naira keep loosing it value.And the economy is going down six feet. It will still go down later .in South Korea ,one dollar is equally to 1300 WON ,and yet they are considered a develop nation
Source: thecableng - 🏆 2. / 80 Read more »
Nigerian Petroleum Company, NNPC, Defends Giving Multi-billion Naira Pipeline Surveillance Contract To Ex-Militant, Tompolo, Accuses Church, Mosque Leaders Of Oil Theft | Sahara ReportersThe Nigerian National Petroleum Company (NNPC) Limited, on Tuesday, alleged that security agencies, churches, mosques and communities where pipelines pass through are involved in pipeline vandalism and theft of petroleum products. Chief Executive Officer of NNPC, Mele Kyari, stated this while defending the pipeline surveillance contract given to a former militant leader, Government Ekpemupolo, better known as Tompolo, according to Daily Trust. nnpclimited 🤣🤣🤣🤣🤣, kaiii nigeria. Them won turn am to religious matter nnpclimited All those unscrupulous elements agitating cannot deer Tompolo but in all I wish them a fruitless exercise in futility. nnpclimited It would amount to high level idiocy and irresponsibility if the NNPC's GMD cannot give the names of Church leaders he claimed to be involved in oil theft.
Source: SaharaReporters - 🏆 9. / 63 Read more »
Federal High Court fines EFCC N1m over unlawful invasion of Abuja companyA Federal High Court in Abuja on Tuesday imposed a one million naira fine on the Economic and Financial Crimes Commission EFCC over the unlawful invasion Good Judge: great judgement: invaluable moral lesson!💯 Very small!
Source: DailyPostNGR - 🏆 11. / 59 Read more »