CBN Naira Rate Maintains N416/$, As FX Reserves Continues To Decline, See New Black Market Rates can be accessed below.
BrandNewsDay reports that Nigeria’s official currency Naira exchange at the official market remained unchanged at the Investors and Exporters (I&E) segment of the forex market.
Data obtained from FMDQ securities showed the exchange rate of the Naira to the Dollar after the midweek session stood at N416.50/$1.
Wednesday’s closing rate was the same rate Naira maintained against the US dollar for the past three trading days.
However, the domestic currency continued its depreciation against the British pounds’ sterling and Euro.
The Central Bank of Nigeria‘s currency watch data showed Naira lost against the Pound Sterling at the spot market on Wednesday by N1.54 to settle at N545.26/£1 compared with the preceding day’s N543/£1.
The report also noted that against the Euro, it lost 71 kobo to close at 458.56/€1 in comparison to the preceding session’s N457.85/€1.
Similarly at the black market Naira continued to feel the pressure closing above N585 to a dollar.
Stanbic IBTC Trustees, a subsidiary of Stanbic IBTC Holdings, has been recognised as the Most Customer-Focused…
Apple Inc is set to present a slimmer iPhone 17 Air model, marking a potential…
A six-year-old girl, Ella, fatally shot a 28-year-old American police officer last month after witnessing…
The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those…
Stanbic IBTC Bank, a prominent financial institution in Nigeria, has partnered with Autochek, an innovative…
The headline figure derived from the survey is the Stanbic IBTC PMI® - Purchasing Managers’…
This website uses cookies.