Business
Naira Declines Against Dollar in Official, Parallel Markets
The naira weakened against the United States dollar on Monday, recording losses in both official and parallel exchange markets. Data from the Central Bank of Nigeria showed the currency traded at N1,437.29 to the dollar, down from N1,436.58 at the close of business on Friday, marking a decline of N0.71.
In the parallel market, the naira fell by N15, exchanging at N1,465 per dollar compared with N1,450 on Friday. The depreciation occurred even as Nigeria’s external reserves continued to rise, reaching $43.35 billion as of November 7, up slightly from $43.32 billion recorded the previous day, according to CBN figures.
-
Entertainment2 years agoAdanma Luke Appeals for Forgiveness over Junior Pope’s Death: “I’m Gradually Losing My Life, Please Forgive Me”
-
Security News2 years agoRivers: Tension as Gunmen on Speedboat Abduct Fubara, Police Launch Manhunt
-
Security News2 years agoSoldiers in South East Extort, Humiliate Us While Kidnappers Operate Freely Near Checkpoints, Igbo Women’s Group Alleges
-
Politics2 years agoRevealed: Ajuri Ngelale Fired Over Feud with Onanuga, Despite Medical Cover Story
-
General News2 years agoGov. Soludo Seals Peter Obi’s Campaign Office, Edozie Njoku-Led APGA State Office
-
Security News2 years agoEnugwu-Ukwu in Shock: Deadly Ambush Leaves Multiple Dead, Survivors in Fear
-
General News2 years agoVideo: Moment DSS Staff Erupt in Jubilation as News of Bichi’s Sack Announced
-
Breaking News2 years agoJUST IN: Presidential Adviser Ajuri Ngelale Steps Down Temporarily, Cites Reasons