Naira down to 557 against dollar; gains at official market

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 78%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The currency gained marginally against the hard currency at the official market.

However, the currency gained marginally against the hard currency at the official market.

According to abokiFX.com, a website that collates the parallel market rates in Lagos, the local unit closed at N557.00 per $1 at the black market window on Tuesday. This translates to a N2.00 or 0.20 per cent devaluation from the N550.00 it exchanged on Monday, with the local unit maintaining a steady decline for a week on a stretch.

Meanwhile, the currency gained slightly against the greenback currency at the official market on Tuesday as foreign exchange supply increased slightly.window where forex is officially traded, showed naira closed at N412.08 per $1 at the official window on Tuesday. Tuesday’s performance represents a N0.67 or 0.20 per cent appreciation from the N412.75 it exchanged hands with the U.S dollar in the previous session on Monday.

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 SG
 

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

Finally UAE has exposed Dr Isa Pantami as one the sponsorer of terrorists. Check the list released, his real name is: Muhammad Ibrahim Isa ..... Busted!!! Please retweet and repost to save this nation.

Make he come make I send am stark VPN

Singapore Singapore Latest News, Singapore Singapore Headlines