Newsonline reports that in what has become a trend, the Nigerian official currency, the naira dropped in value again on Wednesday to make it three straight days of poor performance.
Data from FMDQ securities showed that at the Investors and Exporters window, the Nigerian currency dropped by 0.12 percent to close Wednesday trade at N417 to a dollar in contrast to N416.50/$1 it opened the week.
It was the same performance for Naira against the British pounds as it also depreciated In value by N1.21 to sell for N547.12/£1 compared to the previously traded rate of N545.91/£1.
Against the Euro also, the Nigerian currency lost N5.29 to quote at N461.83/€1 in contrast to Monday’s exchange rate of N456.54/€1.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦587 in Parallel Market also known as Black Market on Monday, March 28, 2022, in Lagos Nigeria, after it opened at #585 last week Monday, March 21, 2022.
Businessman, Atedo Peterside, says if care is not taken, the Nigerian elite will normalise deceit…
The Osun State chapter of the All Progressives Congress (APC) has directed chairmen on the…
The apex Igbo socio-cultural organization, Ohanaeze Ndigbo, has called on President Bola Ahmed Tinubu to…
There is looming fuel scarcity in Lagos and other parts of Nigeria as tanker drivers…
AGF Fagbemi: Osun LG elections conducted by Adeleke ‘invalid, egregious breach of the Constitution My…
Human rights lawyer, Dele Farotimi, has condemned the description of former Military President, Ibrahim Badamasi Babangida (IBB)…