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.
Former Minister of Aviation, Femi Fani-Kayode, has hailed the appointment of Daniel Bwala, a former aide…
The Supreme Court has dismissed suits challenging the establishment and prosecutorial powers of the Economic…
By Rabiu Usman It was President Bola Tinubu that declared that in the first half…
The Nigerian presidency has dismissed former Vice President Atiku Abubakar’s recent criticisms of President Bola…
In a heated response, the Minister of the Federal Capital Territory (FCT), Nyesom Wike, has…
President Bola Tinubu, on Thursday, approved the appointment of three Nigerians as directors-general of various agencies…