Business
Naira Gains Momentum Against Dollar in Forex Markets
The naira continued its upward trend against the dollar on Tuesday, recording gains in both the official and parallel foreign exchange markets.
According to data from FMDQ, the naira appreciated to N1,544.05 per dollar in the official market, improving from the N1,545.10 rate recorded on Monday—a gain of N1.05.
Similarly, in the parallel market, the naira strengthened to N1,675 per dollar, up from N1,680 on Monday. This marks the second consecutive day of improvement for the Nigerian currency.
The development coincides with legislative action, as the Senate on Tuesday advanced a bill seeking to ban the use of foreign currencies, such as the dollar, in certain transactions. The bill has passed its first reading.
-
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