Economy
Naira Depreciates Against Dollar At Parallel Market
The naira has continued on a downward slope as it depreciated against major currencies at the parallel market.
The Naira on Monday depreciated against the dollar at the parallel market in Lagos.
The Nigerian currency lost 1.1 points to exchange at N362.3, weaker than N361.2 posted on Friday, while the Pound Sterling and the Euro closed at N497 and N429, respectively.
At the Bureau De Change (BDC) window, the naira was sold at N362 to the dollar, while the Pound Sterling and the Euro closed at N497 and N429, respectively.
Trading at the investors’ window saw the naira close at N361.57, while it was sold at N305.8, CBN rate. Meanwhile, experts are worried that political spending in the months ahead might affect the stability of the naira.
Currency traders express confidence that the naira would witness better times as the currency- swap deal between Nigeria and China gets underway.
Follow us on social media:
“The quality of a woman isn’t measured by the hair on her head but by her brain” – Yul Edochie cautions ladies against killing themselves over expensive hair this Christmas
President Tinubu cancels Lagos engagements in honor of food stampede victims
Moment stage collapses on Odumodublvck during concert performance (Video)
Goods worth millions of naira destroyed as fire guts spare parts market in Ibadan
“The money wey dem pay me don expire” – Moment Burna Boy stops his performance at the Oando PLC end of the year party (Video)
Goods worth millions of naira destroyed as fire guts spare parts market in Ibadan
Moment stage collapses on Odumodublvck during concert performance (Video)
President Tinubu cancels Lagos engagements in honor of food stampede victims
-
Celebrity Gossip & Gist1 day agoMoment stage collapses on Odumodublvck during concert performance (Video)
-
Economy1 day agoPresident Tinubu cancels Lagos engagements in honor of food stampede victims
-
Celebrity Gossip & Gist1 day ago“The quality of a woman isn’t measured by the hair on her head but by her brain” – Yul Edochie cautions ladies against killing themselves over expensive hair this Christmas