Naira gains at official market

Naira recorded a significant gain against the U.S. dollar at the official market on Wednesday, data published byThe local unit which opened trading at N417.00 closed at N418.00 to a dollar at the close of business on Wednesday— the first business day after the Eid-ul- fitr and worker’s day break.

This implies a N1.00 or 0.2 per cent appreciation from N419.00 it exchanged hands with the hard currency at the close of trade last week Friday. The naira touched an intraday high of N410.00 and a low of N444.00 before closing at N418.00 per $1 on Wednesday. Forex supply increased by 2.61 per cent with $162.70 million recorded at the close of business on Wednesday, against the $158.55 million posted in the previous session on Friday last week.

What's the gain?

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Naira slides to N589/$1 at parallel market as FX liquidity crisis persists | TheCableNigerian naira weakened further against the dollar at the parallel market on Wednesday to trade at N589 per dollar. It gives pool a huge injection of liquidity to really think about doing something incredible.
Source: thecableng - 🏆 2. / 80 Read more »

Naira slides to N589/$1 at parallel market as FX liquidity crisis persists | TheCableNigerian naira weakened further against the dollar at the parallel market on Wednesday to trade at N589 per dollar. It gives pool a huge injection of liquidity to really think about doing something incredible.
Source: thecableng - 🏆 2. / 80 Read more »

OSAID Trains 30 Kebbi Officials, CSOs On Rural Market InclusionA non-governmental organisation, Oxfam Strengthening Acting Citizenship and System for Improved Service Delivery (OSAID) has trained 30 Kebbi State government
Source: LeadershipNGA - 🏆 4. / 77 Read more »