Business

Naira strengthens against dollar

Barely 24 hours, the Naira was forced to a downward trajectory by dollar scarcity, it bounced back, closing at N477 to a dollar at the parallel market in Lagos.

The News Agency of Nigeria (NAN) reports that the Pound Sterling and the Euro traded at N608 and N550, respectively.

The Naira, however, weakened marginally at the investor’s window, losing one point to close at N386 to a dollar.

The volume of trade at the window shrunk by 1.83 million dollars when compared to Tuesday, to close at 18.44 million dollars

The Nigerian currency exchanged at N381 to a dollar at the official CBN window.

admin

Recent Posts

IGP Steps In: FCID to Investigate Death of Man Detained Over N220,000 Debt

  The Kwara State Police Command has confirmed the death of a 35-year-old man, Jimoh…

7 hours ago

Red Sea Tragedy: US Pilots Shot Down in ‘Friendly Fire’ Mishap

Two US Navy pilots were shot down over the Red Sea early Sunday in “an…

8 hours ago

FG Lifts Five-Year Ban on Mining in Zamfara, Eyes Economic Boost

The Federal Government has officially lifted the five-year ban on mining activities in Zamfara State,…

11 hours ago

Death Toll Rises to 22 in Anambra Stampede, As Police Begin Investigation

  The death toll from a tragic stampede in Anambra State has risen to 22,…

12 hours ago

NNPCL Refutes Shutdown Claims: Port Harcourt Refinery Fully Operational

  The Nigerian National Petroleum Company Limited (NNPCL) has dismissed media reports suggesting that the…

1 day ago

Grim Friday: Man, Wife, Grandson Perish in Ibadan Fire

  A devastating house fire in the Ori-Eru area of Idikan, Ibadan, Oyo State, has…

1 day ago