Business
Naira Records Significant Appreciation Against Dollar
The naira appreciated significantly against the dollar at both the official and parallel foreign exchange markets to end the week on a positive note.
The Central Bank of Nigeria exchange rate data showed that the naira strengthened to N1,580.44 per dollar on Friday from N1,584.95 traded on Thursday.
This means that the Naira gained N4.51 against the dollar on a day-to-day basis.
Read Also: NNPCL Announces Shutdown Of Port Harcourt Refinery
Similarly, the naira appreciated by N10 to N1615 per dollar at the black market on Friday from N1625 recorded on Thursday.
This indicates that the margin between the naira and the dollar at both FX markets now stands at N34.56 as of the close of work on Friday.
Read Also: SDP: NWC Members Embroiled In Major Crisis After El-Rufai Joined Party
In the week under review, the Naira has recorded mixed sentiments of gains and losses against the Dollar.
-
Metro1 year agoHusband Of Osun Missing Police Cries Out To IGP For Help
-
National1 year agoLagere Flyover: Ooni Lauds Gov Adeleke, Urges To Do More On Stomach Infrastructure
-
National1 year agoOsun Monarch Threatens Journalists As Fake Doctor Nabbed Over Pregnant Woman’s Death Freed, Resumes Duty At Hospital
-
Education10 months agoOsun Poly Commences Sales Of HND Admission Application Form For 2024/2025 Session
-
Entertainment1 year agoBuried Alive Challenge : Man Speaks From Underground After 23 hours
-
National1 year agoNigerian Man Announces ‘Buried Alive For 24 Hours’ Challenge
-
National1 year agoBinance CEO Claims Nigerian Officials Demanded Crypto Payments To ‘Make Issues Go Away’
-
Politics1 year agoGov Ododo Spent 100 Days Serving Bello As Special Driver – Okai