Business
Naira Weakens Further in Parallel, Official Markets
The naira continued its downward trend on Tuesday, weakening to N1,615 per dollar in the parallel market, a slight drop from the N1,610 recorded on Monday. In the official Nigerian Foreign Exchange Market (NFEM), the currency also lost ground, closing at N1,602 per dollar compared to N1,596 the previous day.
According to data from the Central Bank of Nigeria (CBN), the indicative exchange rate showed a depreciation of N6, signaling sustained pressure on the local currency. As a result of these changes, the gap between the parallel market and the official rate narrowed marginally to N13, down from N14 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