News Formal

Naira falls against dollar on I&E window market

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 78%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Naira remains stable on the parallel market.

Naira weakened against the U.S. dollar on the Investors & Exporters window of the foreign exchange market on Monday, data posted on the FMDQ Security Exchange market where currencies are officially traded showed.

Naira depreciated against the greenback currency as turnover contracted by 40.32 per cent, with $57.78million recorded as against the $96.82 million posted on Friday. This leaves a spread of N81.50 between the unofficial market and the I&E window exchange rates, which translates to a gap of 20.45 per cent.

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 NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Naira dips, exchanges for 477/$ at parallel marketHow much is bitcoin now 🤔 Help check ethereum CBN lacks competent Leadership. No Competitiveness in the global market. Competition is an economic leverage & when you miss it you're out of the Game. Naija is out of Global Economic Competition bcos Politics don block CBN Governor reasoning. Keep blocking Celebs Account
Source: MobilePunch - 🏆 8. / 63 Read more »