Business
Naira Strengthens Officially, Falls in Black Market
The Naira experienced a decline in value on the parallel market, trading at N1,660 per dollar yesterday, down from N1,655 per dollar on Monday.
In contrast, the official foreign exchange market recorded a slight appreciation in the Naira, with the exchange rate improving to N1,549 per dollar, compared to N1,550 per dollar the previous day.
Data from the Central Bank of Nigeria (CBN) revealed the Naira gained N1 in the Nigerian Foreign Exchange Market (NFEM). This shift widened the disparity between the parallel market and the official exchange rate to N111 per dollar, compared to N105 per dollar on Monday.
-
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