Naira stable at official market window

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 78%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Naira maintained stability on the spot market, trading at N464.67 per $1 in past three consecutive market windows.

Naira recorded no movement against the United States dollar on the official market to trade at N464.67 per $1 local on Friday.The local currency opened the day’s sales at N464.61 to a dollar but it later closed at N464.67 per dollar on Friday, data published by FMDQ, where forex rates are officially collated and traded, showed.

The domestic currency hit an intra-day high of N460 and a low of N467 before settling at N464.6 again on Friday.Forex turnover within the market segment on Friday stood at $98.90 million, the data showed. However, the naira fell significantly at the unofficial market segment on Friday, currency dealers said.

According to market dealers, the dollar exchanged hands with the naira at N750.00 and above across the unauthorised markets on Friday as against the N735.00 and N740.00 it was sold for within the week.

 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines