Naira loses again at official market
At the black market in Abuja and Uyo, dealers exchanged the naira at N580.00 and N586.00 per $1 respectively.
At the black market in Abuja and Uyo, dealers exchanged the naira at N580.00 and N586.00 per $1 respectively.
At the parallel market in Abuja, dealers exchanged the naira at N583.00 and sold at N585.00 to a dollar on ...
It is the weakest the naira has performed this month.
The naira gained by 0.09 per cent at the Nafex window.
The naira has been considerably stable at the parallel market this week.
The domestic currency recorded a 0.10 per cent devaluation against the U.S. dollar at the Nafex window on Tuesday.
Ahmed Umar, director of the currency operations
The currency maintained stability at the NAFEX window.
The currency hits a new low at the official window.
The currency maintained stability at the parallel market.
The domestic unit hovered within the range of N577- N585.00 per $1 at the parallel markets.
The local currency has been considerably stable at the Black market.
At the black market, naira traded at between N572 and N576 on Tuesday.
Abuja black market dealers exchanged the naira at N573.00 to a dollar and sold at N575.00 on Tuesday.
In Abuja, currency dealers said they exchanged at N573.00 and sold at N575.00 per $1 on Thursday.
The currency fell to its lowest at the black market since the CBN shut down Abokifx.
The currency hovered within an intraday high of N410.00 and a low of N444.00 before closing at N416.67 on Tuesday.
This occurred as foreign exchange turnover declined marginally.
The currency closed at N416.26 to a dollar at the close of trade on Monday.
The currency has maintained a steady decline since Monday.
The currency has not moved significantly in the last few weeks.
With this, naira has strengthened 4.6 per cent in less than three weeks after recording an all-time low on December ...
The currency lost 0.04 per cent compared to its Wesnesday's rate.
The currency did not also do so well at the parallel market.
The CBN adjusted the exchange rate on its website to N413.49 to a dollar.
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