Business
Naira Starts Week Strong as Official Rate Rises Against Dollar
The Naira opened the week on a positive note, gaining strength against the US dollar in Monday’s official trading. Data from the Central Bank of Nigeria shows the currency closing at N1,453.84 to the dollar, an improvement from the previous Friday’s rate of N1,456.72. The latest movement reflects a gain of N2.88 as trading resumed for the week.
Activity in the parallel market offered little change, with the Naira holding steady at N1,465 to the dollar. The currency’s advance at the official window comes as Nigeria’s external reserves climbed to $44.26 billion as of November 21, according to figures released by the central bank.
The uptick follows a week in which the Naira posted more declines than gains, making Monday’s appreciation a notable shift in direction.
-
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