Naira loses further at official market

Naira slipped further against the U.S. dollar at the official market on Tuesday, extending its depreciation at the spot market segment to a second day.FMDQThis implies a N0.17 or 0.04 per cent devaluation from N416.50 it exchanged in the previous session on Monday.

Foreign exchange supply dipped by 40.40 per cent, with $74.56 million recorded at the close of business on Tuesday as against $125.10 million published in the previous session on Monday.At the Uyo black market, exchangers traded the naira with the greenback currency at N570.00 per $1 and sold at N575.00 on Tuesday.

In a similar manner, Abuja parallel market dealers said they exchanged the naira with the U.S. dollar at N570.00 per $1 and sold N571.00 on Tuesday.

United States United States Latest News, United States United States Headlines

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

Documents Expose How Top Nigerian Finance House, GTBank Funded Vice President Osinbajo’s Campaign With Millions Of Naira —Report | Sahara ReportersIn violation of federal campaign finance regulations, an investigation has exposed how a top Nigerian financial services outfit, GTBank donated at least N200 million to the campaign coffers of Vice President Yemi Osinbajo. gtbank ProfOsinbajo Continue with your fake new...God can't shame his own gtbank ProfOsinbajo Is this why they went on deduction spree gtbank ProfOsinbajo 'Prof Osinbajo's campaign...' Yet everyone is commenting. Does this headline even make sense?
Source: SaharaReporters - 🏆 9. / 63 Read more »

Firm sensitises market women to healthy living - Punch NewspapersThe most widely read newspaper in Nigeria That will be better
Source: MobilePunch - 🏆 8. / 63 Read more »