News
Naira Depreciates Marginally Against Dollar
The Naira on Yhursday depreciated marginally against the dollar at the parallel market, exchanging at N365.5 to the dollar.
The Nigerian currency lost 50 kobo from N365 posted on Wednesday, while the Pound Sterling and the Euro closed at N487 and N436.
At the Bureau De Change (BDC) window, the Naira traded at N362 to the dollar, while the Pound Sterling and the Euro closed at N487 and N436.
Trading at the investors’ window saw the Nigerian currency closing at N360.33 to the dollar.
Traders said high demand for the Naira led to its slight depreciation at the market.
The Naira remained stable for more than five months, exchanging at N365 to the dollar.
The rise in the nation’s external reserve made the CBN comfortable in its aggressive interventions at the foreign exchange market.
Follow us on social media:-
Lifestyle23 hours ago
“God, I Didn’t Deserve this” – Boy Who Scored 225 Last Year in Tears after Seeing His UTME Result
-
Celebrity Gossip & Gist1 day ago
“Marrying Davido is one of the best decisions I ever made, I will marry him 500 times” – Chioma speaks amidst cheating allegations
-
News23 hours ago
Lady found dead near busy junction in Abuja, police begin investigation
-
Crime1 day ago
10 killed including vigilantes as terrorists abduct two village heads and others in Kaduna